Moody’s downgrades GE Insurance Solutions
Moody's Investors Service has downgraded the senior debt ratings of GE Insurance Solutions Corporation to Baa1 from A1. In the same action, Moody's downgraded the insurance financial strength rating of Employers Reinsurance Corporation to A1 from Aa2. GE Insurance Solutions is an indirect subsidiary of General Electric Company.
According to Moody’s the rating actions conclude a review for possible downgrade that was initiated on January 25, 2005, following the group's announcement of a $1.2bn pre-tax charge taken in 2004 toOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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