AM Best Assigns Issue Credit Rating to The Travelers Companies, Inc. New Senior Unsecured Notes
- July 24, 2026 01:45 PM (EDT)
//BestWire// - AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to $750 million 4.95% senior unsecured notes, due July 2031, issued by the Travelers Companies, Inc. (Travelers) (headquartered in New York, NY). The outlook assigned to this Credit Rating (rating) is stable. The net proceeds of the issuance are expected to be used for general corporate purposes.
Through second-quarter 2026, Travelers’ financial leverage ratio is 21.4%, as calculated by AM Best. Additionally, interest coverage is strong, and liquidity remains supportive with solid cash flows. As a result of the issuance, financial leverage is expected to increase slightly, although remains in-line with the company’s long-term target and within AM Best’s rating guidelines.
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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.