Standard & Poor’s Friday put a broad range of financial firms on negative credit watch, warning they could all be downgraded if the United States has its credit rating cut.
The S&P action takes in Fannie Mae, Freddie Mac, all “AAA” rated insurers, clearinghouses, fixed-income and exchange-traded funds and hedge funds, some Federal Home Loan Banks and Farm Credit System Banks, among others.
(Reporting by Ben Berkowitz; Editing by James Dalgleish)
IJ Ed. Note: The only insurance companies named directly by S&P were: Knights of Columbus, New York Life Insurance Co., Northwestern Mutual Life Insurance Co., Teachers Insurance & Annuity Assoc. of America (TIAA), and United Services Automobile Assoc. (USAA), as well as Goldman Sachs Mitsui Marine Derivative Products LP (GSMMDP), which offers over-the-counter derivative products.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
