The A2 senior long-term debt and Prime-1 commercial paper ratings of The Hartford Financial Services Group Inc. (HFSG) and the insurance financial strength services of its operating subsidiaries were affirmed by Moody’s. The affirmation follows the company’s announced intention to buy back common shares of Hartford Life Inc. which it does not currently own.
S&P also affirmed its ratings on HFSG and its related entities.
Meanwhile, DCR placed the “A+” senior debt rating and “A” quarterly income preferred security rating of HIG on Rating Watch-Down.
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