NEW YORK (AP) — Fitch Ratings on Thursday revised its ratings outlook on Principal Financial Group Inc. and its subsidiaries to “stable” from “negative,” citing improvement in the financial services company’s investment position.

Analyst Bruce Cox noted that Principal Financial’s gross unrealized investment loss position has improved significantly in recent quarters. As of March 31, it was $1.1 billion, compared with $1.7 billion as of Sept. 30, 2010. Operating earnings meanwhile were $845 million in 2010, up 15 percent from 2009, Cox wrote.

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