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Stock impact report

AM Best Removes From Under Review With Developing Implications and Upgrades Credit Ratings of Merit Life Insurance Co. [Yahoo! Finance]

OneMain Holdings, Inc. (OMF) 
Last onemain holdings, inc. earnings: 4/27 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.onemainfinancial.com
Company Research Source: Yahoo! Finance
Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to "a-" (Excellent) from "bbb+" (Good) of Merit Life Insurance Co. (Merit) (Charlotte, NC). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Merit's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The rating upgrades reflect an upward revision of Merit's balance sheet strength assessment to the very strong level from strong, driven by the increase in Merit's risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), resulting from a significant increase in statutory surplus. The increase in surplus follows a recent acquisition and capital injection from the company's new parent, Knighthead Holdings Ltd. (Knighthead). The ratings also reflect significant and explicit parental support and reinsurance protection fr Show less Read more
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