Moody's Investor Services indicated that it will maintain its highest (AAA) rating for the Teacher's Insurance and Annuity Association of America (TIAA) and its subsidiary TIAA-CREF Life Insurance Company.
"TIAA has substantial capitalization and flexibility to maintain its financial strength in what is a very difficult economic environment," Moody’s Senior Credit Officer Arthur Fliegelman said in a statement. "However, the company has not been immune to environmental stresses, having experienced significant investment losses, particularly in its real estate-related portfolio and structured investments."
Source: Denver Business Journal
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