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Fitch affirms Teachers Insurance and Annuity Association of America

Fitch Ratings has affirmed Teachers Insurance and Annuity Association of America's insurer financial strength rating at AAA and issuer default rating at AA+.

The ratings agency affirmed the insurer financial strength rating of the company's unit, TIAA-CREF Life Insurance Co., at AAA, and the issuer default rating of the company's unit, Nuveen Finance LLC, at AA-.

TIAA's ratings reflect the company's strong capitalization and stable liability profile, good risk-adjusted earnings, and

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