Moody's Investors Service has placed on review for possible downgrade the "A2″ senior unsecured debt rating of The Hartford Financial Services Group Inc.
The rating action follows The Hartford's announcement of $2.2 billion in expected third-quarter net realized investment losses, as well as a $915 million write-down of deferred acquisition costs and The Hartford's $2.5 billion capital infusion from Allianz SE.
Moody's said it has affirmed the "Aa3″ insurance financial strength (IFS) ratings for The Hartford's lead property-casualty and life insurance operating companies.
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