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Genworth Financial, Inc. Message Board

  • millions_and_happy millions_and_happy Sep 29, 2012 12:42 PM Flag

    Looks like our green CEO is at least doing the right thing with Moody's.

    "GNW continues to work with Moody's on their rating evaluation of the holding company and the U.S. mortgage insurance business. The company is pursuing various plans to manage the U.S. mortgage insurance business and its linkages and dependencies to the holding company. As stated before, the company does not believe run-off, a sale or spin-off of that business are the most beneficial options for shareholders at this time."

    Not that I care much about Moody's. They became irrelevant through the years.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • maybe irrelevant to you as an investor but not to the distributors that rep and place the product as part of their mortgage package or part of their retirement plan! So it would not only affect the share price but also sales which will ultimately affect the share price. Ratings for insurance companies have the possibility of a double whammy! AND in this case a triple whammy because of the ratings affecting the LTC/Life business sales as well. Now if this trickles down to a negative impact A.M. Best or S&P the the capital needed to KEEP current ratings will go UP!! Where will that capital come from? I don't think anyone really wants this company to fail but everyone wants to make sure policy holders are adequately protected!

    • irrelevant from a rational perspective

      relevant because the market swings irrationally though :(

      Sentiment: Buy

9.31-0.07(-0.75%)Nov 25 4:05 PMEST

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