If the Hartford decides to split its P&C and Life operations, as proposed by a hedge-fund manager who owns an 8.4 percent stake in the company, the P&C operations would have a more favorable credit outlook than would the Life operations alone, according to Moody’s Investors Service.

In its Weekly Credit Outlook, Moody’s notes that the Life group depends on the P&C group to bolster its credit support and boost its ratings.

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