Genworth Financial Inc. Downgraded, Placed On CreditWatch

We have revised our group credit profile (GCP) on Genworth Financial to 'bb' from 'bbb-'. We are lowering the financial strength ratings on Genworth's U.S. life companies and placing them on Creditwatch Developing. We are lowering our ratings on Genworth Financial and Genworth Holdings and placing them on Creditwatch Negative. We are placing Genworth Mortgage Insurance Corp. on Creditwatch Negative. SAN FRANCISCO (Standard&Poor's) Feb. 9, 2016--Standard&Poor's Ratings Services said today that it lowered its financial strength ratings on Genworth Life Insurance Co. (GLIC), Genworth Life and Annuity Insurance Co. (GLAIC), and Genworth Life Insurance Co. of New York (GLICNY) to 'BB' from 'BBB-'. We have placed the life insurance companies on Creditwatch Developing. We also lowered

...+ We have revised our group credit profile (GCP) on Genworth Financial to '##' from '###-'. + We are lowering the financial strength ratings on Genworth's U.S. life companies and placing them on Creditwatch Developing. + We are lowering our ratings on Genworth Financial and Genworth Holdings and placing them on Creditwatch Negative. + We are placing Genworth Mortgage Insurance Corp. on Creditwatch Negative. SAN FRANCISCO (Standard & Poor's) Feb. 9, 2016--Standard & Poor's Ratings Services said today that it lowered its financial strength ratings on Genworth Life Insurance Co. (GLIC), Genworth Life and Annuity Insurance Co. (GLAIC), and Genworth Life Insurance Co. of New York (GLICNY) to '##' from '###-'. We have placed the life insurance companies on Creditwatch Developing. We also lowered our counterparty credit and senior unsecured debt ratings on Genworth Financial Inc. and Genworth Holdings Inc. to 'B' from '##-'. We placed the holding companies on Creditwatch Negative. We also lowered...

Ratings Action