AM Best Assigns Issue Credit Rating to Intact Financial Corporation’s Subordinated Notes
2021年4月6日 - 11:26PM
ビジネスワイヤ(英語)
AM Best has assigned a Long-Term Issue Credit Rating of
“bbb+” to Intact Financial Corporation’s (IFC) [TSX: IFC] (Toronto,
Ontario, Canada) recently announced CAD 250 million 4.125 % fixed
to fixed rate subordinated notes due 2081. The outlook assigned to
the Credit Rating (rating) is stable. The Financial Strength Rating
of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of
IFC’s operating subsidiaries and all other ratings of outstanding
issuances remain unchanged.
The proceeds from this issuance are intended to be utilized to
fund IFC’s previously announced acquisition in which IFC, together
with Tryg A/S, will acquire RSA Insurance Group plc with a cash
takeover offer. (See prior press release of Nov. 11, 2020 for
additional detail).
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 media use of Best’s
Credit Ratings and AM Best press releases, please view Guide for
Media - Proper Use of Best’s Credit Ratings and AM Best Rating
Action Press Releases.
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. For more information,
visit www.ambest.com.
Copyright © 2021 by A.M. Best Rating
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Gordon McLean Senior Financial Analyst +1 908
439 2200, ext. 5304 gordon.mclean@ambest.com
Christopher Sharkey Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Raymond Thomson, CPCU, ARe, ARM Associate Director
+1 908 439 2200, ext. 5621 raymond.thomson@ambest.com
Jim Peavy Director, Communications +1 908 439
2200, ext. 5644 james.peavy@ambest.com
Intact Financial (TSX:IFC)
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