Thursday, January 14, 2010
A.M. Best Downgrades Ratings of The Phoenix Companies, Inc. and Its Subsidiaries
A.M. Best Co. has downgraded the financial strength rating (FSR) to B+ (Good) from B++ (Good) and issuer credit ratings (ICR) to "bbb-" from "bbb+" of the core life insurance entities of The Phoenix Companies, Inc. (Phoenix) [NYSE: PNX], which includes Phoenix Life Insurance Company (Phoenix Life) (East Greenbush, NY) and PHL Variable Insurance Company. In addition, A.M. Best has downgraded the ICR to "bb-" from "bb+" of Phoenix, as well as the debt ratings on all outstanding securities of Phoenix and Phoenix Life, the group's lead operating company.
A.M. Best Downgrades Ratings of The Phoenix Companies, Inc. and Its Subsidiaries
Source: RTTNews
A.M. Best Downgrades Ratings of The Phoenix Companies, Inc. and Its Subsidiaries
Source: RTTNews
Permalink posted by armandn @ 11:34 AM 
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