Exhibit 99.1
Summary of ratings actions taken by A.M. Best on January 14, 2005:
| 1. | Affirmed the financial strength ratings of “A+” (Superior) with a stable outlook for the following subsidiaries ofNationwide Financial Services, Inc.: |
| • | Nationwide Life Insurance Company (NLIC) |
| • | Nationwide Life and Annuity Insurance Company |
| 2. | Assigned an issuer credit rating of “aa-” with a stable outlook toNLIC |
| 3. | Affirmed theNLIC “AMB-1” debt rating on commercial paper with a stable outlook |
| 4. | Assigned the following debt ratings with a stable outlook: |
| • | Nationwide Financial Funding, LLC |
— “aa-” program rating
— “aa-” on CHF 250 million floating rate secured notes, due February 2005
— “aa-” on EUR 25 million floating rate secured notes, due June 2005
— “aa-” on CHF 100 million 4.375% secured notes, due August 2005
— “aa-” on JPY 1 billion floating rate secured notes, due September 2005
— “aa-” on JPY 15 billion 1.60% secured notes, due October 2005
— “aa-” on CHF 250 million 4.25% secured notes, due October 2005
— ”aa-” on USD 50 million floating rate secured notes, due November 2005
— “aa-” on GBP 20 million floating rate secured notes, due May 2006
— “aa-” on USD 30 million floating rate secured notes, due August 2006
— “aa-” on EUR 250 million 5.375% secured notes, due November 2006
— “aa-” on USD 20 million floating rate secured notes, due August 2007
| • | Nationwide Life Global Funding I |
— “aa-” program rating
— “aa-” on USD 75 million floating rate secured notes, due February 2005
— “aa-” on USD 150 million floating rate secured notes, due April 2005
— “aa-” on EUR 100 million floating rate secured notes, due June 2005
— “aa-” on USD 100 million floating rate secured notes, due June 2005
— “aa-” on USD 100 million floating rate secured notes, due September 2005
— “aa-” on USD 200 million floating rate secured notes, due September 2005
— “aa-” on USD 125 million floating rate secured notes, due January 2006
— “aa-” on USD 150 million floating rate secured notes, due April 2006
— “aa-” on CHF 350 million 3.50% secured notes, due June 2006
— “aa-” on GBP 30 million floating rate secured notes, due September 2006
— “aa-” on JPY 10 billion 2.8% secured notes, due November 2006
— “aa-” on USD 250 million floating rate secured notes, due December 2006
— “aa-” on USD 500 million 5.35% secured notes, due February 2007
— “aa-” on USD 150 million 2.75% secured notes, due May 2007
— “aa-” on USD 100 million floating rate secured notes, due May 2007
— “aa-” on USD 350 million floating rate secured notes, due June 2007
— “aa-” on USD 300 million floating rate secured notes, due September 2007
— “aa-” on EUR 250 million 5.25% secured notes, due April 2008
— “aa-” on EUR 50 million 5.87% secured notes, due June 2011
— “aa-” on GBP 150 million 6.25% secured notes, due June 2011
