Thrivent gets “very strong” rating by Fitch agency
Fitch Ratings has affirmed Thrivent Financial for Lutherans AA (Very Strong) rating, the third-highest of Fitch’s 19 categories, and given the organization a stable outlook.
Fitch cited Thrivent’s strong capitalization, conservative investment portfolio, consistent profitability, and favorable market position within the Lutheran market as part of the basis for the affirmation. The stable outlook was driven by the organization’s strong capital base and Fitch’s expectations that it will sustain its solid operating performance in 2012.
“The affirmation of AA rating reflects Fitch’s ongoing confidence in Thrivent,” said Randy Boushek, Thrivent senior vice president and CFO.
Tags: Fitch Ratings, Randy Boushek, Thrivent Financial for Lutherans