S&P assigns BBB- to Genworth debt

Standard & Poor's said it assigned its BBB- debt rating to Genworth Holdings Inc.'s pending senior unsecured debt issuance of up to $400 million.

The issuance has a 10-year maturity, and the company will use the proceeds for general corporate purposes, including the redemption of the majority of existing long-term debt maturing in 2015.

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