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‘AAA’ Rating for New York Life & Annuity

Fitch Ratings has re-affirmed its highest rating level to New York Life Insurance Company.  This information comes from Reuters’ “Fitch affirms New York Life’s IFS at ‘AAA’.”  The Insurer Financial Strength Rating of ‘AAA’ applies to both New York Life Insurance Company and New York …

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Nationwide Downgraded By Fitch

Nationwide has had several of its companies’ annuity safety ratings downgraded by Fitch Ratings. Fitch puts the blame largely on the privatization of Nationwide Mutual Insurance Company’s (NMIC) life insurance operations, which resulted in decreased capital availability and flexibility. Investment losses in 2008 and predicted …

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