Moody’s shifts Guardian Life view to positive

Moody’s Investors Service said it revised Guardian Life Global Funding’s outlook to positive from stable and affirmed its Aa2 senior secured rating.

“The change in outlook to positive from stable reflects Moody's view of the conservatism of Guardian's management, products, capitalization, investments, and the flexibility provided by the dividend mechanism of the whole life policy, its dominant product. While Guardian's mutual peers are significantly larger, Guardian has a relatively high percentage of its business in low risk products and its investment portfolio is lower risk,” the agency said in a press release.

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