Standard & Poor's Ratings Services said April 12 that ithas lowered its long-term financial strength rating on American Maturity Life Insurance Co. to BBB+ from A-.
The rating agency also withdrew the rating upon the issuer'srequest.
S&P also affirmed the "bbb+" stand-alone creditprofile due to the company's run-off status. The outlook was stable at the timeof withdrawal.
S&P said the primary reason for the ratings change is itsreassessment of the company's strategic importance to the The Hartford Financial Services Group Inc.American Maturity Life is being aligned with Talcott Resolution, the company's run-offlife and annuity operations. American Maturity Life's financial risk profile wassupported by its moderately strong capital adequacy, as measured by S&P's risk-basedcapital model.
S&P Ratings and GlobalMarket Intelligence are owned by McGraw Hill Financial Inc.