Moody's takes action on Genworth ratings due to merger delays and COVID-19


Moody's has downgraded the senior unsecured debt rating of Genworth Holdings to B3 from B2 and changed the outlook to "developing", having recently downgraded its insurance financial strength (IFS) ratings due to a decline in profitability and net capital generation in the near term.

Moody's Genworth Holdings, Ratings, Insurance, Reinsurance, Mergers, Coronavirus, North America, China

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