A.M. Best Assigns Issue Credit Rating to The Hartford Financial Services Group, Inc.’s New Preferred Stock

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb” to the $300 million 6.0% non-cumulative preferred stock, Series G recently issued by The Hartford Financial Services Group, Inc. (The Hartford) (headquartered in Hartford, CT) [NYSE: HIG]. The outlook assigned to this Credit Rating (rating) is stable. Following the preferred stock issuance, financial leverage will remain within guidelines for the assigned rating. Coverage metrics histo