Tuesday, February 24, 2009
Life Insurers Continue Ratings Drop
The beleaguered life insurance industry continues to take a beating from the rating agencies as Genworth Financial and Prudential Financial both were both downgraded.
Prudential’s downgrade by Fitch Ratings was especially harmful as the second-largest insurer lost eligibility for the U.S. commercial paper program, reducing the company’s access to short-term debt markets. Both Genworth and Hartford Financial Services have already lost access to the commercial paper program because of downgrades...
Financial Planning: Life Insurers Continue Ratings Drop
Prudential’s downgrade by Fitch Ratings was especially harmful as the second-largest insurer lost eligibility for the U.S. commercial paper program, reducing the company’s access to short-term debt markets. Both Genworth and Hartford Financial Services have already lost access to the commercial paper program because of downgrades...
Financial Planning: Life Insurers Continue Ratings Drop
Permalink posted by markw @ 12:00 PM 
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