SEPTEMBER 26, 2019 03:55:32 Eastern Daylight Time
AM Best Assigns Issue Credit Rating to Liberty Mutual Group Inc.’s Forthcoming Senior Unsecured Notes
FOR IMMEDIATE RELEASE
OLDWICK - SEPTEMBER 26, 2019 03:55:32 Eastern Daylight Time
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 exchange higher coupon debt.
LMGI’s Long-Term Issuer Credit Rating of “bbb” and its existing Long-Term IRs, and the ratings of its operating insurance subsidiaries are unchanged.
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