AM Best Assigns Issue Credit Ratings to Mercury General Corporation’s New Senior Unsecured Notes
- June 24, 2026 09:28 AM (EDT)
//BestWire// - AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the recently issued $525 million 6.25% senior unsecured notes, due June 2036, of Mercury General Corporation (Mercury General) (Los, Angeles, CA). The outlook assigned to this Credit Rating (rating) is stable.
Mercury General intends to use the proceeds of the issuance to repay its outstanding senior unsecured notes due March 2027 and repay amounts under its unsecured credit facility. As a result, AM Best notes financial leverage is expected to remain in-line with current rating guidelines.
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 Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings (BCR), Best’s Performance Assessments (PA), Best’s Preliminary Credit Assessments (PCA) and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.