Genworth Outlook Raised by S&P, Reducing Prospect of Junk Grade

Genworth Financial Inc., the insurer whose debt is rated one level above junk status by Standard & Poor’s, had its outlook lifted to stable from negative by the ratings firm.

“We expect Genworth to generate improved earnings for full-year 2013,” S&P said today in a statement on the Richmond, Virginia-based insurer.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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