Standard & Poor's Ratings Services yesterday raised its long-term and short-term counterparty credit ratings on Hartford Financial Services Group Inc. and Hartford Life Inc. to "A/A-1" from "A-/A-2."
In addition, S&P affirmed its "double-A-minus" counterparty credit and financial strength ratings on The Hartford's core property-casualty and life insurance subsidiaries. The outlook on all of these companies is stable, the report said.
"The ratings on HIG and HLI (combined Hartford companies) were raised because of the strength of the consolidated group's diversified sources of sustainable revenue from its life and property-casualty operations," said S&P credit analyst Robert Hafner.
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