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S&P Lifts Rating On Hartford Financial Services

Stock quotes in this article: HIG  

NEW YORK (AP) — Standard & Poor's Ratings Services raised its outlook on Hartford Financial Services Group Inc. Monday, citing the insurer's government funding.

The ratings agency boosted the Hartford, Conn.-based company's rating to stable from negative.

Hartford Financial Services Group, which recently cut its dividend, is one of six insurers allowed by the government to tap the Treasury Department's Troubled Asset Relief Program for additional capital. The company is eligible for $3.4 billion in TARP funds. ...

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