Moody's places HRG's ratings on review for upgrade
Moody's Investors Services ("Moody's") placed HRG Group, Inc. ("HRG") ratings on review for upgrade. This follows the announcement on Monday that Spectrum Brands, Inc. (Spectrum Brands/B1 stable) and HRG reached a definitive merger agreement in which Spectrum Brands will comb...HRG Group is a holding company. The company's principal operating subsidiaries include the following: Spectrum Brands Holdings, Inc., its subsidiary that provides global branded consumer products; Fidelity & Guaranty Life, its subsidiary that provides life insurance and annuity products; and Front Street Re (Delaware) Ltd., its subsidiary engaged in the business of providing long-term reinsurance, including reinsurance to the specialty insurance sector of fixed, deferred and payout annuities.
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