Prosperity Group Operating Subsidiaries ‘A-‘ Ratings Affirmed And Removed From CreditWatch Negative; Outlook Stable

S&P Global Ratings today assigned its ‘BBB-‘ long-term issuer credit rating to the new nonoperating holding company of Prosperity Group, JAB Holdings UK Ltd. The outlook on the rating is stable. At the same time, we withdrew the ‘BBB-‘ long-term issuer credit rating on Prosperity Group Holdings L.P. We also affirmed our ‘A-‘ long-term issuer credit and financial strength ratings on the group’s operating subsidiaries, S.USA Life Insurance Co. Inc. and National Western Life Insurance Co. (NWLIC), and removed the ratings from CreditWatch, where we placed them with negative implications on Feb. 5, 2025. The outlook on the ratings is stable.

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