Thursday, March 19, 2009

 

Moody's chops ratings on Manulife units, including John Hancock

Moody's chopped ratings on several units of Manulife Financial Corp (MFC.TO), Canada's largest insurer, on Wednesday after the company reported its first ever quarterly loss last month.

The ratings agency downgraded the insurance financial strength ratings on subsidiaries including John Hancock Life Insurance Co to Aa3 from Aa1, and lowered the debt ratings of the subsidiaries by two notches...

Reuters: Moody's chops ratings on Manulife units, including John Hancock

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