The Rating Watch-Down status on the ‘A+’ senior debt rating and ‘A’ quarterly income preferred security rating (the trust preferred security rating) of Hartford Financial Services Group Inc. (HFSG) was maintained by Duff & Phelps Credit Rating Co. (DCR) following HIG’s announced agreement to acquire publicly owned shares of Hartford Life Inc. DCR indicated that once final financing terms are determined, it will revisit its Rating Watch on HIG.
S&P also affirmed its ratings on HFSG and related entities. The outlook is negative.
Was this article valuable?
Here are more articles you may enjoy.
Agency Network SIAA Acquires MGA Canopy Specialty Insurance 
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs 
AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says 
Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida From This Issue
