Harbinger Group, Inc. -- Moody's says SEC's failure to approve Falcone's settlement continues the uncertainty for Harbinger Group

New York, July 23, 2013 -- Moody's said Harbinger Group's announcement on July 18th that the Securities and Exchange Commission voted not to approve the previously disclosed agreement in principle between the enforcement staff of the SEC and the HCP Parties (Harbinger Capital and Philip Falcone, but not Harbinger Group) regarding the settlement of two civil actions continues the uncertainty associated with this investigation. Had the commission approved the agreement, it would have been positive for Harbinger Group (HRG), but still not enough to alter its B2 Corporate Family Rating or stable outlook.

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