Nassau NewsS&P Global announced an upgrade in ratings for our companies to ‘BB.’ In the report the firm released, the analysts specifically cited progress in transformation and turnaround plan following acquisition by Nassau Reinsurance Group Holdings, L.P. in 2016. The firm raised its ratings on Phoenix Cos. Inc., Phoenix Life Insurance Co., and PHL Variable Insurance Co. In addition, S&P put the company on stable outlook which “means that we expect Phoenix to improve its operating performance and capitalization metrics through execution of its strategic initiatives.”
