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 on The Hartford Financial Services Group, following its settlement involving Mac Arthur Company asbestos litigation, but cautioned that the settlement raises a number of questions regarding The Hartford's asbestos position.[@@]
The Hartford currently has "A3" senior debt ratings from Moody's as well as "Aa3" insurance financial strength ratings for both its property-casualty and life insurance operating subsidiaries. The outlook for all of the ratings remains "negative," the New York-based ratings firm said.
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