Quote:
Originally Posted by macker
Credit rating agency Moody's Investors Service placed Manulife's Aa1 ratings on review for a possible downgrade following the release of the company's quarterly results.
“Today's decision to place Manulife's ratings on review for possible downgrade reflects Moody's view that the Canadian life insurer's financial flexibility and economic capitalization has been weakened by the substantial decline in equity markets in the latter half of 2008,” stated senior credit officer Peter Routledge.
http://business.theglobeandmail.com/.../Business/home
Messenger quietly leaves before being shot...... |
haha!
I suspect that this discussion should quickly be moved to the other thread. (Manulife still has a captial ratio of 233%, which is far and away more than enough to meet their obligations. Plus the ratio that is the AAA is the Standard and Poors).