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Fitch Ratings on May 8 placed the BB+ issuer default rating of American Equity Investment Life Holding Co. and the BBB+ insurer financial strength ratings of the company's insurance operating units on Rating Watch Negative.
The units include American Equity Investment Life Insurance Co. and American Equity Investment Life Insurance Co. of New York.
Also, the agency placed the company's $260 million 5.25% senior convertible debentures due 2024, rated...
