Equitable Holdings, Inc. Announces Upgrade From Moody’s Investor Services; Senior Debt to Baa1 From Baa2, Equitable Life Insurance Subsidiaries to A1 From A2 and Outlook to Stable

Rhea-AI Summary

Equitable Holdings, Inc. (NYSE: EQH) has received an upgrade from Moody's Investor Services, improving its senior unsecured debt rating from Baa2 to Baa1. Additionally, the insurance financial strength ratings of its life insurance subsidiaries have risen from A2 to A1. However, the outlook was adjusted from positive to stable. Equitable Holdings manages approximately $856 billion in assets and has over 5 million client relationships worldwide, employing around 12,100 professionals.

Positive

• Moody's upgraded EQH's senior unsecured debt rating to Baa1 from Baa2.
• The insurance financial strength ratings of EQH's life insurance subsidiaries improved to A1 from A2.
• The company has $856 billion in assets under management.

Negative

• The outlook on Equitable and its insurance subsidiaries was changed from positive to stable.

NEW YORK--(BUSINESS WIRE)-- Equitable Holdings, Inc. (NYSE: EQH) announced today that Moody’s Investor Services (“Moody’s”) has upgraded the senior unsecured debt rating of Equitable Holdings, Inc. to Baa1 from Baa2 and the insurance financial strength (IFS) ratings of its life insurance subsidiaries to A1 from A2. The outlook on Equitable and its insurance subsidiaries was changed to stable from positive.

See Moody’s announcement for further information.

About Equitable Holdings

Equitable Holdings, Inc. (NYSE: EQH) is a financial services holding company comprised of two complementary and well-established principal franchises, Equitable and AllianceBernstein. Founded in 1859, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. Equitable Holdings has approximately 12,100 employees and financial professionals, $856 billion in assets under management (as of 3/31/2022) and more than 5 million client relationships globally.

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Investor Relations

Işıl Müderrisoğlu

(212) 314-2476

IR@equitable.com

Media Relations

Todd Williamson

(212) 314-2010

mediarelations@equitable.com

Source: EQH Investor Relations

FAQ

What did Moody's announce about Equitable Holdings (EQH) on the recent press release?

Moody's upgraded Equitable Holdings' senior unsecured debt rating to Baa1 from Baa2 and raised the insurance financial strength ratings of its life insurance subsidiaries to A1 from A2, changing the outlook from positive to stable.

How much assets does Equitable Holdings (EQH) manage?

Equitable Holdings manages approximately $856 billion in assets.

What is the current debt rating of Equitable Holdings (EQH)?

The current senior unsecured debt rating of Equitable Holdings is Baa1.

What is the insurance financial strength rating of Equitable Holdings' subsidiaries?

The insurance financial strength ratings of Equitable Holdings' subsidiaries have been upgraded to A1.