Finance News

Genworth Financial Receives Rating Upgrade from Moody’s

Genworth Financial Receives Rating Upgrade from Moody’s

Genworth Financial, Inc. announced that Moody’s Investors Service (Moody’s) has upgraded the senior unsecured debt rating of Genworth Holdings, Inc. from B1 to Ba2, signifying a two-notch upgrade. The outlook for the rating is stable.

Latest Fintech News: Fintech and Cleantech Win as Global Venture Capital Investments Become More Focused

“This upgrade from Moody’s, which is the fourth upgrade we have received from rating agencies since September 2021, reflects the tremendous progress we have made in improving our financial profile,” said Daniel Sheehan, Genworth’s Chief Financial Officer and Chief Investment Officer. “We have significantly reduced debt which has strengthened our balance sheet and reduced risk. Looking ahead, we will build off of this strong foundation by executing on our strategic priorities.”

Latest Fintech News: AIkido Pharma, Inc. Hires Carlos Aldavero to Lead Financial Services Subsidiary

The Insurer Financial Strength ratings of Genworth’s life insurance subsidiaries, which include Genworth Life Insurance Company, Genworth Life Insurance Company of New York and Genworth Life and Annuity Insurance Company, were unaffected by this ratings action.

Latest Fintech News: Lendio Makes Strategic Move to Position the Brand for Growth, Strengthens Product Portfolio for Small Businesses

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

CPA.com and Jirav Launch Strategic Partnership

Fintech News Desk

BitGo Reacts to Receipt Of Galaxy Digital Notice of Merger Termination

Fintech News Desk

Wolters Kluwer Compliance Expert Shares Insights on Digital Lender Priorities in a Down Market

Business Wire
1