The rating actions today are taken as part of normal credit surveillance and are not triggered by any newly disclosed information regarding the planned acquisition of Genworth Financial by China Oceanwide, or the likelihood of regulatory approval. In our view, we see limited upside potential to Genworth's financial risk position, and we view the intended acquisition by China Oceanwide as likely more credit-neutral for the holding companies based upon China Oceanwide's financial intentions and Genworth Financial's current financial condition. We are revising our CreditWatch status on the 'B' senior ratings on U.S. holding companies Genworth Financial and Genworth Holdings to negative implications from developing implications because we no longer see an immediate rating upside for the holding companies and holding
