“S&P Global Upgrades Genworth”

 

“S&P Global Upgrades Genworth,” by Allison Bell, ThinkAdvisor

Quote:

“A rating agency says Genworth Financial — a company that has faced years of epic battles with long-term care insurance pricing problems — is looking healthier. S&P Global Ratings announced Friday that it had increased the long-term issuer credit rating it has assigned the Richmond, Virginia-based company to B+, from B. For retirement and long-term care planners, the news may be one of several signs that the market for LTCI coverage and other long-term care benefits products might be starting to come back to life.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Congrats to Genworth on the upgrade. Click through for the other back-to-life signs.