KBRA Releases Surveillance Report for Kuvare Holdings and Key Operating Subsidiaries
24 Feb 2025 | New York
On February 12, 2025, KBRA downgraded the insurance financial strength ratings (IFSRs) of Guaranty Income Life Insurance Company and United Life Insurance Company to A- from A and changed the Outlooks from Negative to Stable. KBRA also downgraded the IFSR of Lincoln Benefit Life Company to BBB+ from A- and changed the Outlook from Stable to Negative. Additionally, KBRA affirmed the A- IFSR of Kuvare Life Re Ltd. with a Stable Outlook. In addition, KBRA downgraded the issuer ratings of Kuvare UK Holdings Limited and Kuvare US Holdings, Inc. (KUS) to BBB- from BBB and changed the Outlooks from Negative to Stable. KBRA also downgraded the debt rating on KUS’ $225 million Fixed Rate Reset Cumulative Preferred Stock due 2051 to BB from BBB- and changed the Outlook from Negative to Stable.
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