Phoenix Group’s strong financial position has been recognised by Fitch Ratings who assigned investment grade ratings for the Group’s senior and subordinated debt.

Phoenix Group will manage leverage at a level consistent with maintaining the investment grade ratings.

Credit ratings assigned to the Group's companies

Rating type Entities Fitch rating Outlook
Insurer Financial Strength Ratings

Phoenix Life Limited
Phoenix Life Assurance Limited
Standard Life Assurance Limited
ReAssure Limited

AA- Stable
Long-Term Issuer Default Rating

Phoenix Group Holdings plc
Phoenix Group Holdings

A+ Stable

Subordinated debt

Issuer Nominal Coupon Issued Call Option/ Optional Redemption Date Maturity date Fitch rating ISIN Bondholder documentation
Phoenix Group Holdings plc $500m 4.750% 04/06/2020 04/06/2026 04/09/2031 BBB+ XS2182954797 download icon
Phoenix Group Holdings plc £500m 5.625% 28/04/2020 Any date from and including 28 January 2031 28/04/2031 BBB+ XS2166106448 download icon
Phoenix Group Holdings plc $750m 5.625% 29/01/2020 26/04/2025 Perpetual BBB XS2106524262 download icon
Phoenix Group Holdings plc £500m 5.867% 13/06/2019 N/A 13/06/2029 BBB+ XS2012046665 download icon
Phoenix Group Holdings plc £250m (fixed rate reset notes) 5.766% 13/06/2019 13/06/2024 13/06/2029 BBB+ XS2012047473 download icon
Phoenix Group Holdings plc £250m 4.016% 13/06/2019 N/A 13/06/2026 BBB+ XS2012048281 download icon
Phoenix Group Holdings plc €500m 4.375% 24/09/2018 N/A 24/01/2029 BBB+ XS1881005117 download icon
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Phoenix Group Holdings plc £500m 5.75% 26/04/2018 26/04/2028 Perpetual BBB XS1802140894 download icon
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Phoenix Group Holdings plc $500m 5.375% 06/07/2017 N/A 06/07/2027 BBB+ XS1639849204 download icon
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Phoenix Group Holdings plc £300m
£150m
4.125%
4.125%
20/01/2017
05/05/2017
N/A 20/07/2022 BBB+ XS1551285007 download icon
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Phoenix Group Holdings plc £428m 6.625% 23/01/2015 N/A 18/12/2025 BBB+ XS1171593293 download icon

Phoenix Group Holdings Plc

For the latest documentation on our Euro Medium Term Note Programme and Bond Issuance.