Press Release - JUNE 05, 2019
AM Best Assigns Issue Credit Rating to Liberty Mutual Group Inc.’s Forthcoming Senior Unsecured Notes
FOR IMMEDIATE RELEASE
OLDWICK - JUNE 05, 2019
Following the senior unsecured notes issue, financial leverage and coverage measures will be supportive of the assigned ratings. LMGI intends to use the net proceeds of the offering to redeem higher coupon debt and for general corporate purposes.
LMGI’s Long-Term Issuer Credit Rating of “bbb”, its existing Long-Term IRs and the ratings of its operating insurance subsidiaries are unchanged.
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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