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Article: A.M. Best Affirms Ratings of ING's U.S. Life Insurance Entities.
- Article from:
- Business Wire
- Article date:
- June 18, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" for the key life insurance entities of ING Groep N.V.'s (ING) (Netherlands) (NYSE: ING) U.S. operations, ING USA (Atlanta, GA). Concurrently, A.M. Best has affirmed the debt ratings of "aa-" on the two funding agreement-backed securities programs sponsored by ING USA and the notes issued thereunder. The outlook for all ratings is stable. (See below for a detailed listing of companies and ratings.)
The affirmation of ING USA's ratings reflects its positive sales trends across core lines, particularly in wealth management; ...