Standard & Poor’s Friday put a broad range of financial firms on negative credit watch, warning they could all be downgraded if the United States has its credit rating cut.
The S&P action takes in Fannie Mae, Freddie Mac, all “AAA” rated insurers, clearinghouses, fixed-income and exchange-traded funds and hedge funds, some Federal Home Loan Banks and Farm Credit System Banks, among others.
(Reporting by Ben Berkowitz; Editing by James Dalgleish)
IJ Ed. Note: The only insurance companies named directly by S&P were: Knights of Columbus, New York Life Insurance Co., Northwestern Mutual Life Insurance Co., Teachers Insurance & Annuity Assoc. of America (TIAA), and United Services Automobile Assoc. (USAA), as well as Goldman Sachs Mitsui Marine Derivative Products LP (GSMMDP), which offers over-the-counter derivative products.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Sting Operation Alleges Roofer Damaged Shingles to File Claim 
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
Underwriter, Actuary Fears of AI Drop; Work Needed on Collaboration 
Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics 
