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L&G strength rating is downgraded

Moody’s has downgraded Legal & General’s insurance financial strength rating. The credit rating agency has a negative view on the UK life market and the fact that L&G relies on the UK life market for most of its business.

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Paragon sees soaring profits

Buy-to-let lender Paragon’s profits were up by 83 per cent from £15.9m in H2 2009 to £29.3m for the six months ended March 31.

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