TIAA-CREF Insurance Arm Stripped of Aaa by Moody’s

TIAA-CREF, the retirement-planning firm that manages about $363 billion, had the Aaa debt rating of its insurance arm stripped by Moody’s Investors Service after $4.1 billion of net losses in the 18 months ended June 30...

Bloomberg: TIAA-CREF Insurance Arm Stripped of Aaa by Moody’s
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