Moody's: Fidelity & Guaranty's IPO strengthens its credit

09/10/2013 | National Underwriter Life & Health

Moody's Investors Service said the IPO planned by annuity issuer Fidelity & Guaranty is a positive development for the company's credit strength. The offering reduces the insurer's reliance upon its parent company Harbinger Group and creates a public equity market for for Fidelity & Guaranty Life, said Ann Perry, vice president and senior credit officer at Moody's.

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