Fitch Affirms New York Life's IFS rating at 'AAA'

CHICAGO, Jul 31, 2008 (BUSINESS WIRE) -- Fitch Ratings affirms the ratings of New York Life Insurance Company (NYLIC) and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation (NYLIAC) -- together referred to as New York Life (see complete list of Ratings below). The ratings reflect New York Life's very strong balance sheet, favorable business profile and consistent operating profile. The Rating Outlook is Stable for all ratings.  - Read more.