A.M. Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Genworth Financial, Inc. and Its Affiliates
The ratings of GLAIC reflect its balance sheet strength, which
The ratings of GLIC reflect its balance sheet strength, which
GLIC’s operations remain focused on the long-term care (LTC) market, which
Given the information at hand,
The following Long-Term IR has been assigned with a stable outlook:
-- “b” on
The following Long-Term IRs have been removed from under review with developing implications and affirmed with assigned outlooks of stable:
-- “b” on
-- “b” on
-- “b” on
-- “b” on
-- “b” on
-- “b” on
-- “ccc+” on
The following indicative Long-Term IRs on securities available under the universal shelf registration have been removed from under review with developing implications and affirmed with assigned outlooks of stable:
-- “b” on senior unsecured debt
-- “b-” on subordinated debt
-- “ccc+” on preferred stock
-- “b” on senior unsecured debt
-- “b-” on subordinated debt
-- “ccc+” on preferred stock
Genworth Global Funding Trusts—The program rating of “bbb-” has been removed from under review with developing implications and withdrawn, as the vehicle is empty.
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 © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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