NU Online News Service, Jan. 8, 2004, 11:46 a.m. EST – Moody’s Investors Service, New York, has increased the insurance financial strength rating of The Penn Mutual Life Insurance Company, Horsham, Pa., and a subsidiary, The Penn Insurance and Annuity Company, to Aa3, from A1.[@@]
The rating outlook for the companies is stable, Moody’s says.