News: ING US Inc (VOYA.N)

VOYA.N on New York Stock Exchange

28.07USD
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Mon, May 20 2013

Morgan Stanley sued in 'pay-to-play' retirement plan case

* Bank accused of steering 401(k) business to win extra fees

Fitch: ING U.S. IPO and Debt Sale Further Restructuring Process

(The following statement was released by the rating agency) NEW YORK, May 15 (Fitch) ING U.S., Inc.'s recent $1.3 billion initial public offering (IPO) and junior sub debt sale are significant steps in the restructuring process of becoming an independent public company, according to Fitch Ratings. The IPO provides the company with increased funding flexibility, distribution awareness and access to capital. Fitch currently rates ING U.S. and its insurance subsidiaries on a stand-alone basis.

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