DALLAS, Oct. 12, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring The Phoenix Companies Inc. (NYSE:PNX - News). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on The Phoenix Companies Inc. (NYSE:PNX - News) should be of particular interest to other financial companies: AXA (NYSE:AXA - News), Prudential Financial Inc. (NYSE:PRU - News) and American International Group Inc. (NYSE:AIG - News).
It is available at: http://www.beaconequity.com/i/PNX
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The Phoenix Companies Inc. (PNX) is a provider of life insurance and annuity products. The Company provides these products and services through a variety of third-party financial professionals and intermediaries, supported by wholesalers and financial planning specialists, such as national and regional broker-dealers, financial planning firms, advisor groups, banks, insurance companies and brokerage general agencies.
Message Board Search for PNX: http://www.boardcentral.com/boards/PNX
In the report, the analyst notes:
"Continued adverse capital and credit market conditions may limit PNX's access to liquidity and affect the availability and cost of borrowed funds...The principal internal sources of its liquidity are insurance premiums, annuity considerations, deposit funds and cash flow from its investment portfolio and assets, consisting mainly of cash or assets that are readily convertible into cash.
"PNX announced earlier this year that A.M. Best Co. has downgraded the financial strength rating to 'B++' (Good) from 'A' (Excellent) and issuer credit ratings to 'BBB+' from 'A' of the core life insurance entities of The Phoenix Companies, Inc. (PHX). In addition, A.M. Best has downgraded the Issuer credit rating to 'BB+' from 'BBB' of Phoenix, as well as the debt ratings of all outstanding debt securities of Phoenix and Phoenix Life Insurance Company (Phoenix Life), the group's lead operating company."
To read the entire report visit: http://www.beaconequity.com/i/PNX
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beacon Equity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Beacon Equity Research
Jeff Bishop
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press@beaconequity.com
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