For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.ĪM Best is a global rating agency and information provider with a unique focus on the insurance industry. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. This press release relates to Credit Ratings that have been published on AM Best’s website. “bbb-” on $325 million 6.125% non-cumulative preferred stock “bbb-” on $750 million 5.65% fixed-to-floating junior subordinated notes, due 2053 “bbb-” on $350 million 4.7% fixed-to-floating junior subordinated notes, due 2048 “bbb+” on $300 million 4.80% senior unsecured notes, due 2046 “bbb+” on $400 million 5.70% senior unsecured notes, due 2043 “bbb+” on $500 million 3.65% senior unsecured notes, due 2026 “bbb+” on $400 million 3.125% senior unsecured notes, due 2024 “bbb+” on $850 million 5.50% senior unsecured notes, due 2022 Concurrently, AM Best has withdrawn the Long-Term IRs at the company’s request: The following Long-Term IRs have been affirmed. Midwestern United Life Insurance Company.Security Life of Denver Insurance Company.It helps companies, individuals, and organizations to secure their assets. ReliaStar Life Insurance Company of New York Stock Symbol NYSE:VOYA Company Type For Profit Phone Number +1 21 Voya Financial is a financial services company that specializes in the fields of retirement, investments, and insurance.Voya Retirement Insurance and Annuity Company.Concurrently, AM Best has withdrawn the ratings at the company’s request: The FSR of A (Excellent) and the Long-Term ICRs of “a+” have been affirmed with stable outlooks for the following life insurance subsidiaries of Voya Financial, Inc. 31, 2018, and sold their closed block variable annuity and individual fixed annuity segments in 2018, changing Voya’s business risk profile and lowering Voya’s sensitivity to insurance risks and therefore the need for an FSR. Voya ceased new individual life insurance sales as of Dec. The ratings of Voya’s life insurance entities reflect their balance sheet strength, which AM Best categorizes as strong, as well as their strong operating performance, favorable business profile and appropriate enterprise risk management. (Please see below for a detailed listing of the companies and ratings.) Concurrently, AM Best has withdrawn the ratings of Voya and its life subsidiaries at the company’s request to no longer participate in AM Best’s interactive rating process. The outlook of these Credit Ratings (ratings) is stable. Additionally, AM Best has affirmed the Long-Term ICR of “bbb+” of Voya, as well as its Long-Term Issue Credit Ratings (Long-Term IR). AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of the key life insurance entities of Voya Financial, Inc.
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