The Phoenix Companies, Inc. (NYSE: PNX) Today Issues Statement in Response to Moody’s Announcement

HARTFORD, Conn.--(BUSINESS WIRE)--James D. Wehr, president and chief executive officer of The Phoenix Companies, Inc. (NYSE: PNX), issues the following statement regarding Moody’s announcement today about The Phoenix Companies, Inc.: “We respectfully disagree with Moody’s action. However, given the environment in which rating agencies are now operating, we are not surprised by it. Phoenix is a work in progress and we are making progress. We are committed to maintaining a health