DES MOINES, Iowa, July 21, 2023 /PRNewswire/ -- Moody's Investors Service ("Moody's") announced it has upgraded the insurance financial strength (IFS) ratings of F&G Annuities & Life, Inc.'s (NYSE: FG ) ("F&G" or the "Company") insurance subsidiaries to 'A3' from 'Baa1'. Concurrently, Moody's has also upgraded the long-term issuer rating of F&G Annuities & Life, Inc. to 'Ba1' from 'Ba2'. The rating outlook for F&G and subsidiaries is 'Stable'.