pan>)--A,LeBron 10.M. Best Co. offers commented that the financial muscle, issuer
credit and credit card debt ratings of Massachusetts Good Life Insurance Company
(MassMutual) (Springfield, MA) as well as its subsidiaries are unchanged. The
mindset for all ratings is steady.
The comment follows MassMutuals modern announcement of a definitive
deal with The Hartford Financial Services Collection, Inc. (The
Hartford) (Hartford, CT) [NYSE: HIG] to purchase it's actually retirement plans
business to get $400 million, subject to a shutting down adjustment.
A.M. Most effective views the acquisition favorably the way it brings additional scale
so that you can MassMutuals existing retirement business, specially in the small-to
mid-sized case market. The Hartford retirement plans businesswhen
combined with MassMutualwill result in $120 thousand in retirement
assets less than management and will serve through 3 million participants. Your
transaction is expected to be backed internally. Given the size of a
transaction, it is not expected to materially affect MassMutuals strong
risk-adjusted capitalization ratios. Following some integration and
national infrastructure expenses, the acquired industry is expected to be
accretive to cash flow beginning in the second year just after its acquisition.
The methodology used in determining these comparisons is Bests Credit
Rating Methodology, which provides a comprehensive justification of A.M.
Bests standing process and contains the different report criteria
employed in the score process. Bests Credit Rating Strategy can be
found at www,LeBron X.ambest.com/ratings/methodology.
Launched in 1899, A.M. Best Company is the worlds older and most
authoritative insurance standing and information source. For more
details, visit www.ambest.com.
Copyright laws 2012 by A,Nike LeBron 10.M. Best Business,http://www.nikelebronx-10.com, Inc. ALL RIGHTS
Set-aside.
Information Source: Business Line
September 8th, 2012 At 04:30pm
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