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Moody's affirms ING insurance ratings

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Moody's Investors Service affirmed the A2 insurance financial strength (IFS) ratings of the US life insurance subsidiaries (collectively, ING US) of ING Groep NV (ING Group, senior debt at A1, stable) and the Baa1 senior rating of ING Verzekeringen N.V. (ING Insurance), but changed the outlook on these ratings to negative from developing.

Other insurance-affiliated ratings were also affirmed with a negative outlook, with the exception of the A1 senior debt rating of Lion Connecticut Holding which is guaranteed by ING Group, and has a

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