S&P Drops Ratings on 10 Life Insurers

Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on 10 U.S. life insurance groups because of stressed assets.

S&P has also lowered its counterparty credit ratings on seven U.S. life insurance holding companies. In addition, the ratings of two groups of U.S. life insurers, one of which was also downgraded, have been placed on CreditWatch with negative implications.

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