Voya 2013 Annual Report Download - page 176

The financial strength and credit ratings of ING U.S., Inc. and its principal subsidiaries as of the date of this
Annual Report on Form 10-K are summarized in the following table. In parentheses, following the initial
occurrence in the table of each rating, is an indication of that rating’s relative rank within the agency’s rating
categories. That ranking refers only to the generic or major rating category and not to the modifiers appended to
the rating by the rating agencies to denote relative position within such generic or major category. For each
rating, the relative position of the rating within the relevant rating agency’s ratings scale is presented, with “1”
representing the highest rating in the scale.
Company
A.M. Best
(“A.M. Best”)
Fitch, Inc.
(“Fitch”)
Moody’s Investors
Service, Inc.
(“Moody’s”)
Standard & Poor’s
(“S&P”)
ING U.S., Inc. (Long-term Issuer Credit) . . . bbb (4 of 10) BBB
(4 of 11)
Baa3 (LT Issuer
Domestic) (4 of 9)
Baa2
(Senior
Unsecured
Foreign) (4 of 9)
BBB-(4 of 11)
ING U.S., Inc. (Senior Unsecured
Debt)(1) ........................... bbb(4of10) BBB-(4 of 9) Baa3 (4 of 9) BBB- (4 of 9)
ING U.S., Inc. (Junior Subordinated
Debt)(2) ........................... bb+(5of10) BB(5of9) Ba1(hyb) (5 of 9) BB (5 of 9)
ING Life Insurance and Annuity Company
Financial Strength Rating ........... A(3of16) A-(3of9) A3(3of9) A-(3of9)
ING USA Annuity & Life Insurance
Financial Strength Rating ........... A(3of16) A-(3of9) A3(3of9) A-(3of9)
Short-term Issuer Credit Rating ...... NR NR P-2(2of4) A-2(2of8)
ReliaStar Life Insurance Company
Financial Strength Rating ........... A(3of16) A-(3of9) A3(3of9) A-(3of9)
Short-term Issuer Credit Rating ...... NR NR NR A-2(2of8)
Security Life of Denver Insurance Company
Financial Strength Rating ........... A(3of16) A-(3of9) A3(3of9) A-(3of9)
Short-term Issuer Credit Rating ...... NR NR P-2(2of4) A-2(2of8)
Midwestern United Life Insurance Company
Financial Strength Rating ........... A-(4of16) NR NR A-(3of9)
Lion Connecticut Holdings Inc.
Long-term Issuer Credit Rating .......... NR NR Baa3 (LT Issuer)
(4 of 9)
BBB- (4 of 11)
(1) $850.0 million of our 2022 Notes, $1.0 billion of our 2018 Notes and $400.0 million of our 2043 Notes.
(2) $750.0 million of our 2053 Notes.
Rating Agency
Financial Strength
Rating Scale
Long-term Credit
Rating Scale
Senior Unsecured
Debt Credit Rating
Scale
Short-term Credit
Rating Scale
A.M. Best(1) ........ “A++” to “S” “aaa” to “rs” “aaa” to “d” “AMB-1+” to “d”
Fitch(2) ............ “AAA” to “C” “AAA” to “D” “AAA” to “C” “F1” to “D”
Moody’s(3) ......... “Aaa” to “C” “Aaa” to “C” “Aaa” to “C” “Prime-1” to “Not Prime”
S&P(4) ............. “AAA” to “R” “AAA” to “D” “AAA” to “D” “A-1” to “D”
(1) A.M. Best’s financial strength rating is an independent opinion of an insurer’s financial strength and ability
to meet its ongoing insurance policy and contract obligations. It is based on a comprehensive quantitative
and qualitative evaluation of a company’s balance sheet strength, operating performance and business
profile. A.M. Best’s long-term credit ratings reflect its assessment of the ability of an obligor to pay interest
and principal in accordance with the terms of the obligation. Ratings from “aa” to “ccc” may be enhanced
with a “+” (plus) or “ⳮ” (minus) to indicate whether credit quality is near the top or bottom of a category.
166