S&P assigns Genworth notes BBB

Standard & Poor's said it assigned its BBB rating on Genworth Financial Inc.'s issuance of $400 million of senior notes.

At the same time, the agency said it affirmed its BBB long-term counterparty credit rating on Genworth and its A counterparty credit and financial strength ratings on Genworth's life insurance operations.

The outlook remains stable.

"The $400 million debt issuance represents Genworth's latest transaction in a string of capital-raising initiatives, which have brought in about $2.0 billion in fresh capital to the holding company during the past 12 months," said S&P credit analyst Jeff Watson.

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