NU Online News Service, May 12, 2004, 4:33 p.m. EDT – The Jersey City, N.J., office of Moody’s Investors Service has cut the ratings it has assigned to UnumProvident Corp., Chattanooga, Tenn.[@@]
Moody’s has lowered the credit rating on UnumProvident’s senior debt to Ba1, from Baa3, and the insurance financial strength ratings on the company’s life insurance subsidiaries to Baa1, from A3.
The outlook for the ratings is negative, Moody’s says.