The FSR of B+ (Good) and ICRs of “bbb-” remain under review with negative implications for the following subsidiaries of The Phoenix Companies, Inc.:
- Phoenix Life Insurance Company
- PHL Variable Insurance Company
- Phoenix Life and Annuity Company
- American Phoenix Life and Reassurance Company
The methodology used in determining these ratings is Best’s Credit Rating Methodology , which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
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