Research Update: Outlook On Genworth Australia Revised To Negative Following Downgrade Of Genworth Group?s Core Life Insurance Companies - S&P Global Ratings’ Credit Research

Research Update: Outlook On Genworth Australia Revised To Negative Following Downgrade Of Genworth Group?s Core Life Insurance Companies

Research Update: Outlook On Genworth Australia Revised To Negative Following Downgrade Of Genworth Group?s Core Life Insurance Companies - S&P Global Ratings’ Credit Research
Research Update: Outlook On Genworth Australia Revised To Negative Following Downgrade Of Genworth Group?s Core Life Insurance Companies
Published Oct 11, 2012
2092 words — Published Oct 11, 2012
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The lowering of the ratings on U.S.-based Genworth Group's core life insurance companies (GLIC; A-/Stable) has triggered a review of the ratings on Genworth Financial Mortgage Insurance Pty Ltd. (Genworth Australia; AA-/Negative). The outlook on Genworth Australia has been revised to negative because our previously stated two-notch rating-differential tolerance between the stronger-rated Genworth Australia and weaker-rated GLIC has now been breached. The outlook revision reflects our opinion that ongoing stress at the group's holding company level has heightened the importance of contributions from the group's subsidiaries, including Genworth Australia. We have not lowered the ratings at this time because we expect the company's planned partial sale to take place within the first half of 2013. We have also revised the

  
Brief Excerpt:

RESEARCH Research Update: Outlook On Genworth Australia Revised To Negative Following Downgrade Of Genworth GroupaÇÖs Core Life Insurance Companies Publication date: 11-Oct-2012 Primary Credit Analyst: Lucy L Huynh, CFA, Melbourne...

  
Report Type:

Research Update

Ticker
GNW
Issuer
Genworth Financial Mortgage Insurance Pty Ltd.
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers , Structured Finance
Country
Australia
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Outlook On Genworth Australia Revised To Negative Following Downgrade Of Genworth Group?s Core Life Insurance Companies" Oct 11, 2012. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Outlook-On-Genworth-Australia-Revised-To-Negative-Following-Downgrade-Of-Genworth-Group-s-Core-Life-Insurance-Companies-1022639>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Outlook On Genworth Australia Revised To Negative Following Downgrade Of Genworth Group?s Core Life Insurance Companies Oct 11, 2012. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Outlook-On-Genworth-Australia-Revised-To-Negative-Following-Downgrade-Of-Genworth-Group-s-Core-Life-Insurance-Companies-1022639>
  
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