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S&P Places Genworth Financial (GNW) Ratings on CreditWatch Developing Amid Merger Agreement
October 24, 2016 2:05 PM EDTS&P Global Ratings said it placed its ratings on Genworth Financial Inc. (NYSE: GNW), as well as the ratings on its U.S.-based mortgage insurance and life subsidiaries, Genworth Mortgage Insurance Inc. and Genworth Life and Annuity Insurance Co. (GLAIC), on CreditWatch with developing implications.
At the same time, S&P Global Ratings placed its ratings on the company's subsidiaries primarily in the long-term care business, namely Genworth Life Insurance Co. (GLIC) and Genworth Life Insurance Co. of New York (GLIC-NY), on CreditWatch with negative implications.
The CreditWatch placement... More
