Hopefully setting a trend, Genworth (GNW)  acting CEO Martin Klein says Moody's can go ahead and...

|About: Genworth Financial, Inc. (GNW)|By:, SA News Editor

Hopefully setting a trend, Genworth (GNW)  acting CEO Martin Klein says Moody's can go ahead and cut away because it's more costly for the firm to try and defend its investment-grade status. A downgrade won't alter the firm's bond spreads, he says, and it's better for investors to understand "what this means ... it's not the end of the world."