New York, August 16, 2016 -- Moody's Investors Service has affirmed the Baa2 insurance financial strength (IFS) rating of Delaware Life Insurance Company (Delaware Life) but changed the outlook to negative from stable, due to rising investment risk, including certain related-party investments, beyond Moody's original expectations. Delaware Life is owned by Delaware Life Holdings, LLC (Delaware Holdings, unrated), a holding company owned by certain shareholders of Guggenheim Partners, LLC (Guggenheim, unrated).
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