A.M. Best Downgrades Credit Ratings of Members of Hartford Life Group; Places Under Review With Developing Implications
In addition,
The rating actions are in response to The Hartford’s announcement that it has entered into a definitive agreement to sell the
The rating downgrades reflect the fact that
While consolidated capitalization for The Hartford is expected to decline as a result of the transaction,
Hartford Life, Inc.—
-- to “bbb-” from “bbb” on
-- to “bbb-” from “bbb” on
Hartford Life Institutional Funding— to “bbb+ from “a-” on program rating
-- to “bbb+” from “a-” on all outstanding notes issued under the program
-- to “bbb” from “bbb+” on all outstanding notes issued under the program
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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