Moody's Downgrades GE Insurance Solutions
NU Online News Service, April 29, 3:51 p.m. EDT?Moody's Investors Service has cut various ratings of GE Insurance Solutions and its units, citing its concerns over the insurer's financial performance and prospects of a spin-off by its parent company, General Electric Company.[@@]
The ratings agency cut senior debt ratings of GE Insurance Solutions to "Baa1″ from "A1″ and lowered the insurance financial strength rating of Employers Reinsurance Corporation, a GE Insurance Solutions business unit, to "A1″ from "Aa2."
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