Ratings On Genworth Financial Inc. And U.S. Operating Units Put On CreditWatch Developing After Strategic Review Update - S&P Global Ratings’ Credit Research

Ratings On Genworth Financial Inc. And U.S. Operating Units Put On CreditWatch Developing After Strategic Review Update

Ratings On Genworth Financial Inc. And U.S. Operating Units Put On CreditWatch Developing After Strategic Review Update - S&P Global Ratings’ Credit Research
Ratings On Genworth Financial Inc. And U.S. Operating Units Put On CreditWatch Developing After Strategic Review Update
Published Apr 30, 2015
4 pages (1509 words) — Published Apr 30, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Genworth Financial Inc. announced its strategic review update on its recent first-quarter 2015 earnings call. The update included the potential sale of its core U.S. life and annuity operations. We have placed all of our ratings on Genworth Financial and its U.S. operating units on CreditWatch with developing implications. SAN FRANCISCO (Standard&Poor's) April 30, 2015--Standard&Poor's Ratings Services today said it placed its 'BBB-' financial strength ratings on Genworth Life Insurance Co., Genworth Life&Annuity Insurance Co., and Genworth Life Insurance Co. of New York on CreditWatch with developing implications. It also placed its 'BB-' ratings on Genworth Mortgage Insurance Corp. and Genworth Residential Mortgage Insurance Corp. NC (collectively GMICO), and 'BB-' ratings on Genworth Financial

  
Brief Excerpt:

...+ Genworth Financial Inc. announced its strategic review update on its recent first-quarter 2015 earnings call. The update included the potential sale of its core U.S. life and annuity operations. + We have placed all of our ratings on Genworth Financial and its U.S. operating units on CreditWatch with developing implications. SAN FRANCISCO (Standard & Poor's) April 30, 2015--Standard & Poor's Ratings Services today said it placed its '###-' financial strength ratings on Genworth Life Insurance Co., Genworth Life & Annuity Insurance Co., and Genworth Life Insurance Co. of New York on CreditWatch with developing implications. It also placed its '##-' ratings on Genworth Mortgage Insurance Corp. and Genworth Residential Mortgage Insurance Corp. NC (collectively GMICO), and '##-' ratings on Genworth Financial Inc. on CreditWatch with developing implications. "The CreditWatch reflects our anticipation of a material shift in Genworth's business profile that will likely center on North American...

  
Report Type:

Ratings Action

Issuer
Genworth Financial Inc.
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On Genworth Financial Inc. And U.S. Operating Units Put On CreditWatch Developing After Strategic Review Update" Apr 30, 2015. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Genworth-Financial-Inc-And-U-S-Operating-Units-Put-On-CreditWatch-Developing-After-Strategic-Review-Update-1396643>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Genworth Financial Inc. And U.S. Operating Units Put On CreditWatch Developing After Strategic Review Update Apr 30, 2015. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Genworth-Financial-Inc-And-U-S-Operating-Units-Put-On-CreditWatch-Developing-After-Strategic-Review-Update-1396643>
  
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