HFSG Watch-Down Maintained
The Rating Watch-Down status on the ‘A+’ senior debt rating and ‘A’ quarterly income preferred security rating (the trust preferred security rating) of Hartford Financial Services Group Inc. (HFSG) was maintained by Duff & Phelps Credit Rating Co. (DCR) following HIG’s announced agreement to acquire publicly owned shares of Hartford Life Inc. DCR indicated that once final financing terms are determined, it will revisit its Rating Watch on HIG.
S&P also affirmed its ratings on HFSG and related entities. The outlook is negative.
