Why The Hartford Took a Hit on Wall Street
National News October 6, 2008
The Hartford Financial Services Group Inc. lost nearly $9 billion of market value last week as investors fled the financial sector during the worst crisis in decades.
"We've got contagion right ...
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Subject: RATING FOLKS!
Posted On: October 7, 2008, 4:57 am CDT
Posted By: Know it All
Comment:
Well, if you're wondering where the rating folks are - it is one thing to miss on AIG and The Hartford. It another to miss on 2 Ohio carriers that need to be seriously looked at. One is A++, and I'll give AM Best credit, they at least have them with NEGATIVE implications. But the move to A- should have been done a month ago!! The other is currently rated A+, and AM Best has done nothing with them. They could be in worse shape.
Subject: RATING FOLKS!