Assurant, Inc. -- Moody's affirms Assurant's debt ratings; affirms P&C and Employee Benefits IFS ratings; downgrades Assurant healthcare subsidiaries, outlooks stable

New York, July 31, 2014 -- Moody's Investors Service has affirmed the debt rating of Assurant, Inc. (NYSE: AIZ; Baa2 senior debt ), the A2 insurance financial strength (IFS) ratings of the lead operating subsidiaries of the Assurant P&C Group, and the A3 IFS ratings of Assurant's employee benefits and credit life subsidiaries. In the same action, Moody's downgraded to Baa2 from Baa1 the IFS ratings of Time Insurance Company and John Alden Life Insurance Company, which constitute the health segment (collectively, Assurant Health, or AH) due to the negative impact of provisions of the Affordable Care Act on its business profile and earnings prospects. The two health companies' rating outlooks were changed to stable, from negative. The outlook for all Assurant's ratings is now stable.

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