Voya 2014 Annual Report Download - page 193

The financial strength and credit ratings of Voya Financial, 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”)
Voya Financial, Inc. (Long-term Issuer
Credit)(6) ........................... bbb(4of10)
BBB
(4 of 11) Baa3 (4 of 9) BBB (4 of 11)
Voya Financial, Inc. (Senior Unsecured
Debt)(1)(6) ........................ bbb(4of10) BBB- (4 of 9) Baa3 (4 of 9) BBB (4 of 9)
Voya Financial, Inc. (Junior Subordinated
Debt)(2)(6) ........................ bb+(5of10) BB(5of9) Ba1(hyb) (5 of 9) BB+ (5 of 9)
Voya Retirement Insurance and Annuity
Company(3)
Financial Strength Rating(6) ........ A(3of16) A-(3of9) A3(3of9) A(3of9)
Voya Insurance and Annuity Company
Financial Strength Rating(6) ........ A(3of16) A-(3of9) A3(3of9) A(3of9)
Short-term Issuer Credit
Rating(4)(5)(6) .................. NR NR WD WD
ReliaStar Life Insurance Company
Financial Strength Rating(6) ........ A(3of16) A-(3of9) A3(3of9) A(3of9)
Short-term Issuer Credit Rating(6) . . . NR NR NR A-1 (1 of 8)
Security Life of Denver Insurance
Company
Financial Strength Rating(6) ........ A(3of16) A-(3of9) A3(3of9) A(3of9)
Short-term Issuer Credit
Rating(5)(6) .................... NR NR WD A-1(1of8)
Midwestern United Life Insurance
Company
Financial Strength Rating(6) ........ A-(4of16) NR NR A(3of9)
Voya Holdings Inc.
Long-term Issuer Credit Rating(6) . . . NR NR Baa3 (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.
(3) Effective September 1, 2014, ING Life Insurance and Annuity Company changed its name to Voya
Retirement Insurance and Annuity Company (“VRIAC”).
(4) Effective March 5, 2014, we requested S&P to withdraw (“WD”) the short-term issuer credit rating on Voya
Insurance and Annuity Company (“VIAC”), formerly known as ING USA Annuity and Life Insurance
Company, as the rating was necessary only for the marketing and distribution of products no longer offered
by us.
(5) Effective September 22, 2014, we requested Moody’s to WD the short-term issuer credit rating on VIAC
and Security Life of Denver Insurance Company as the rating was necessary only for the marketing and
distribution of products no longer offered by us. On December 9, 2014, Moody’s announced that it had
withdrawn its short-term issue credit rating on VIAC.
(6) Effective February 17, 2015, S&P raised its ratings on Voya Financial, Inc. and Voya Holdings Inc. and on
the Company’s operating subsidiaries.
170