Moody's Affirms Hartford Post Mac Arthur
NU Online News Service, Dec. 23, 12:30 a.m.EST?Moody's Investors Service has affirmed its ratings onThe Hartford Financial Services Group, following its settlementinvolving Mac Arthur Company asbestos litigation, but cautionedthat the settlement raises a number of questions regarding TheHartford's asbestos position.[@@]
The Hartford currently has "A3" senior debt ratings from Moody'sas well as "Aa3" insurance financial strength ratings for both itsproperty-casualty and life insurance operating subsidiaries. Theoutlook for all of the ratings remains "negative," the NewYork-based ratings firm said.
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