| Abstract: | On Feb. 9, 2009, Standard&Poor's Ratings Services lowered its counterparty credit rating on Hartford Financial Services Group Inc. (NYSE:HIG) to 'A-' from 'A'. At the same time, we placed our ratings on HIG and its operating subsidiaries (collectively referred to as Hartford) on CreditWatch with negative implications. These rating actions reflect deteriorating business and macroeconomic conditions, which are increasing strain on the group by eroding earnings and pressuring capitalization. Because of the sharply lower equity markets, Hartford's earnings from equity-linked products have decreased, and actual and potential reserve and capital requirements have increased. Compounding these pressures are concerns that investment losses could increase beyond expectations for the ratings unless general economic conditions stabilize. On Oct. 6, 2008, we
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Hartford Financial Services Group Inc. Ratings Lowered To 'A-' From 'A' And Placed On CreditWatch Negative Publication date: 09-Feb-2009 Primary Credit Analysts: Robert A Hafner, FSA,...
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| Report Type: | Research Update
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| Ticker: | HIG
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| Issuer: | Hartford Financial Services Group Inc.
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| GICS: | Multi-line Insurance (40301030)
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| Sector: | Commercial MBS, Corporations, Financial Institutions, Global Issuers, Insurance, Public Finance, Real Estate Companies, Structured Finance
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| Country: | United States
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| Region: | United States
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