TORONTO (Standard&Poor's) May 2, 2013--Standard&Poor's Ratings Services today said that ING U.S., Inc.'s (BBB-/Stable/A-3; ING U.S.; NYSE: VOYA) announcement that it has priced its IPO will not affect the ratings or outlook on ING U.S. or any of its rated insurance subsidiaries. The financial strength rating on ING U.S.' core operating subsidiaries is 'A-' with a stable outlook. With this transaction, ING Groep N.V. (ING), the ultimate parent, is selling 25% of its common stock holdings in ING U.S. Of the total gross proceeds of the offering of $1.3 billion, ING U.S. will retain $600 million and the balance, about $700 million, will be for ING. We understand that closing of the offering is expected to
