The Hartford: We've Got Plenty of Cash

Updated from 9:35 a.m. EST

The Hartford Services Group (HIG Quote) on Monday set out to reassure investors about its capital level, as the insurer battles intensifying credit crisis-related woes.

The company, in a filing with the Securities and Exchange Commission, said it had $2 billion more than it needed to maintain an AA ratings at year-end. That's down from $3.5 billion as of Oct. 6, due to a steep drop in the S&P 500 Index.

Moody's Investor Service later in the day affirmed the Aa3 insurer financial strength rating for the company's property and casualty and life insurance operating companies. The rating agency, however, downgraded the company's senior unsecured debt and short-term debt ratings. ...