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.
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