Genworth Financial Inc. Placed On CreditWatch Developing, Long-Term Care Subidiaries On Watch Negative - S&P Global Ratings’ Credit Research

Genworth Financial Inc. Placed On CreditWatch Developing, Long-Term Care Subidiaries On Watch Negative

Genworth Financial Inc. Placed On CreditWatch Developing, Long-Term Care Subidiaries On Watch Negative - S&P Global Ratings’ Credit Research
Genworth Financial Inc. Placed On CreditWatch Developing, Long-Term Care Subidiaries On Watch Negative
Published Oct 24, 2016
4 pages (1765 words) — Published Oct 24, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Genworth Financial Inc. has announced that it has entered into a definitive agreement to be purchased in its entirety by China-based China Oceanwide Holdings Group. We are placing our ratings on Genworth and its U.S. mortgage insurance and life subsidiaries on CreditWatch with developing implications. We are also placing the company's subsidiaries focused on long-term care, Genworth Life Insurance Co. and Genworth Life Insurance Co. of New York, on CreditWatch with negative implications Our ratings on Genworth's Australia- and Canada-based subsidiaries remain unaffected due to a certain level of insulation from group level developments. SAN FRANCISCO (S&P Global Ratings) Oct. 24, 2016--S&P Global Ratings today said it placed its ratings on Richmond, Va.-based Genworth Financial Inc., as well as the

  
Brief Excerpt:

...+ Genworth Financial Inc. has announced that it has entered into a definitive agreement to be purchased in its entirety by China-based China Oceanwide Holdings Group. + We are placing our ratings on Genworth and its U.S. mortgage insurance and life subsidiaries on CreditWatch with developing implications. + We are also placing the company's subsidiaries focused on long-term care, Genworth Life Insurance Co. and Genworth Life Insurance Co. of New York, on CreditWatch with negative implications + Our ratings on Genworth's Australia- and Canada-based subsidiaries remain unaffected due to a certain level of insulation from group level developments. SAN FRANCISCO (S&P Global Ratings) Oct. 24, 2016--S&P Global Ratings today said it placed its ratings on Richmond, Va.-based Genworth Financial Inc., as well as the ratings on its U.S.-based mortgage insurance and life subsidiaries, Genworth Mortgage Insurance Inc. and Genworth Life and Annuity Insurance Co. (GLAIC), on CreditWatch with developing...

  
Report Type:

Ratings Action

Issuer
Genworth Financial Inc.
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Genworth Financial Inc. Placed On CreditWatch Developing, Long-Term Care Subidiaries On Watch Negative" Oct 24, 2016. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Genworth-Financial-Inc-Placed-On-CreditWatch-Developing-Long-Term-Care-Subidiaries-On-Watch-Negative-1742388>
  
APA:
S&P Global Ratings’ Credit Research. (). Genworth Financial Inc. Placed On CreditWatch Developing, Long-Term Care Subidiaries On Watch Negative Oct 24, 2016. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Genworth-Financial-Inc-Placed-On-CreditWatch-Developing-Long-Term-Care-Subidiaries-On-Watch-Negative-1742388>
  
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