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Best’s News & Research Service - March 08, 2023 03:55 PM (EST)

AM Best Issues Correction to Issue Credit Rating on Senior Unsecured Notes of Liberty Mutual Group Inc.

  • March 08, 2023 03:55 PM (EST)
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Oldwick //BestWire// - AM Best has issued a correction to the previously published Long-Term Issue Credit Rating (Long-Term IR) of “bbb” (Good) to the EUR 500 million 4.625% senior unsecured notes, due 2030. These notes were incorrectly listed as issued out of Liberty Mutual Finance Europe Designated Activity Company on the AM Best website. The website has been corrected to reflect the notes as issued out of Liberty Mutual Group Inc. (Boston, MA). The headline of the previous press release, “AM Best Assigns Issue Credit Rating to Liberty Mutual Finance Europe Designated Activity Company’s New Senior Unsecured Notes,” dated March 7, 2023, has been corrected to, “AM Best Assigns Issue Credit Rating to Liberty Mutual Group Inc.’s New Senior Unsecured Notes.” It also appeared on unaffiliated services such as Bloomberg.

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, Best’s Performance Assessments, Best’s Preliminary Credit Assessments 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.

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