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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
September 19, 2008 at 11:33 AM
Standard & Poor’s Ratings Services has affirmed the AAA rating it has assigned to Northwestern Mutual Life Insurance Company.
Northwestern Mutual, Milwaukee, has reported that money market funds at its Russell Investments subsidiary have about $764 million in direct credit exposure to the turmoil at Lehman Brothers Holdings Inc., New York.
“Net losses and any recovery are uncertain at this time,” according to S&P, New York.
Despite the Lehman-related losses, “Northwestern maintains capital that comfortably meets Standard & Poor’s requirements for [an] AAA rating, and we consider it one of the most well capitalized companies in the life insurance industry,” S&P says. “We believe Northwestern has the capacity to fulfill its obligations under the support agreements and maintain the current ratings.”
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