Tuesday, November 03, 2009

 

Moody's Cuts MassMutual Ratings On Investment Losses

Moody's Investors Service downgraded ratings of Massachusetts Mutual Life Insurance Co. and its U.S. insurance units, citing pressures from investment losses on profit and capital.

In August, Standard & Poor's Ratings Services cut its ratings on the insurer from the top rating of AAA because of its higher leverage, weaker financial flexibility and lower capital quality...

WSJ: Moody's Cuts MassMutual Ratings On Investment Losses

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