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Moody’s Investors Service gave a thumbs up to last week’s announced $615 million sale of the Hartford Financial Services Group’s individual life business to Prudential Financial, despite the transaction reducing some of the Hartford’s diversity in its income streams.

In its Weekly Credit Outlook, Moody’s says the sale will allow the Hartford “to focus on business in which it has greater scale and competitive advantages.” To that end, Moody’s calls the transaction “a credit-positive” for the Hartford.

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