Standard & Poor’s Rating Services has withdrawn its debt and financial strength ratings for FBL Financial Group Inc. at the company’s request, according to a Securities and Exchange Commission filing on Tuesday.

At the end of 2011, FBL called all of its $225 million in publicly held bonds and in late January redeemed them, which was required following its sale of EquiTrust Life Insurance Co. late last year, said Kathleen Till Stange, investor relations vice president. Eliminating the rating service for now will save the company time and money, Till Stange said.

“In the near term, we don’t see the need to issue extra debt at all, and we actually have excess capital and have been buying back our stock as well,” she said.