AM Best Upgrades Issuer Credit Ratings for Most of Genworth Financial, Inc.’s U.S. Life Subsidiaries; Downgrades Credit Ratings of Genworth Life and Annuity Insurance Company - Seite 2

The following Long-Term IRs have been upgraded with stable outlooks:

Genworth Holdings, Inc.—
-- to “b+” (Marginal) from “b” (Marginal) on $300 million 6.50% senior unsecured notes, due 2034
-- to “b-” (Marginal) from “ccc+” (Weak) on $600 million fixed/floating rate junior subordinated notes, due 2066

The following indicative Long-Term IRs have been upgraded with stable outlooks:

Genworth Financial, Inc.—
-- to “b+” (Marginal) from “b” (Marginal) on senior unsecured debt
-- to “b” (Marginal) from “b-” (Marginal) on subordinated debt
-- to “b-” (Marginal) from “ccc+” (Weak) on preferred stock

Genworth Holdings, Inc.—
-- to “b+” (Marginal) from “b” (Marginal) on senior unsecured debt
-- to “b” (Marginal) from “b-” (Marginal) on subordinated debt
-- to “b-” (Marginal) from “ccc+” (Weak) on preferred stock

This press release relates to Credit Ratings that have been published on AM Best’s website. 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. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

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The Genworth Financial Registered (A) Stock at the time of publication of the news with a raise of +3,57 % to 4,64EUR on NYSE stock exchange (10. November 2022, 21:12 Uhr).