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Moody’s changes Hartford outlook to stable
18 December 2009
Moody's Investors Service has affirmed the credit ratings of The Hartford Financial Services Group, with senior debt rated Baa3, and its main operating subsidiaries, and changed the outlook of the company and its subsidiaries to stable from developing.
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Moody's Investors Service has affirmed the credit ratings of The Hartford Financial Services Group, with senior debt rated Baa3, and its main operating subsidiaries, and changed the outlook of the company and its subsidiaries to stable from developing.
The change in outlook is based on the stabilisation of The Hartford's financial profile as a result of improved capitalisation and parent company financial flexibility.
According to Moody’s, The Hartford's liquidity and capital position has been boosted over the past six months by a combination of $3.4bn in funding through participation in the US Treasury's...
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