Thursday, June 18, 2009


S&P May Downgrade MassMutual

Outlook on New York Life, TIAA Lowered

Standard & Poor's Ratings Services warned its considering cutting the AAA credit rating on Massachusetts Mutual Life Insurance Co., while also lowering its ratings outlook on two other AAA-rated U.S. life insurers, amid investment losses and credit impairments.

Life insurers have been hammered by tumult in the financial markets, which has led to giant investment losses...

WSJ: S&P May Downgrade MassMutual (Subscription required)

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