Friday, November 28, 2008

Principal Pnb Mf Reiterated Its Business In India - Nov 28, 2008

The Principal Financial Group and its Indian asset management arm - Principal Pnb Asset Management have reiterated its commitment to India. According to them, they want to make a strong presence in India along with long term policy. They have also reassured investors that their financial position is strong, stable and profitable even in the current global turmoil. Recently, in the US, Moody's, a global rating agency, reaffirmed the debt ratings of Principal Financial Group and Principal Financial Services, Inc., all with a stable outlook.

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