SEPTEMBER 15, 2020 08:42 AM (EDT)
AM Best Assigns Issue Credit Rating to Chubb INA Holdings Inc.’s Senior Unsecured Notes
FOR IMMEDIATE RELEASE
OLDWICK - SEPTEMBER 15, 2020 08:42 AM (EDT)
Immediately following the senior unsecured notes issuance, Chubb’s financial leverage and coverage measures will deteriorate slightly but remain strongly supportive of the assigned ratings. Chubb intends to use the net proceeds of the offering to repay at maturity the $1 billion principal amount of its 2.875% senior unsecured notes due Nov. 3, 2022.
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