Press Release - MARCH 12, 2019
AM Best Assigns Issue Credit Rating to American Financial Group, Inc.’s New Subordinated Debentures
FOR IMMEDIATE RELEASE
OLDWICK - MARCH 12, 2019
Proceeds of the new notes offered are intended to be used for general corporate purposes. Following the issuance, AFG’s financial leverage ratio will increase slightly while its coverage ratios could decrease modestly. Both ratios remain within AM Best’s guidelines for AFG’s current ratings and are expected to remain so over the near term.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
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