Friday, February 20, 2009

 

Life Insurers Crushed Again

Life insurers are particularly sensitive to the stock market, partly because they sell savings and retirement products that are linked to the performance of equities.

Fitch Ratings downgraded Prudential Financial's senior unsecured debt rating to BBB from A- and its commercial paper rating to F2 from F1 on Thursday.

Life Insurers Crushed Again
Source: MarketWatch

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