Genworth’s backed senior unsecured debt rating upgraded to Ba1 at Moody’s

Genworth Financial announced the second ratings upgrade since its fourth quarter earnings results as Moody’s Investors Service upgraded the Genworth Holdings, Inc. backed senior unsecured debt rating to Ba1 from Ba2, signifying a one-notch upgrade. The outlook for the rating remains stable. "We are pleased with this upgrade from Moody’s, as it further underscores our progress in improving Genworth’s financial position," said Tom McInerney, Genworth President and CEO. "We remain committed to investing in our growth initiatives and returning capital to our shareholders."