AM Best Assigns Issue Credit Ratings to Intact Financial Corporation’s Recently Issued Senior Unsecured Medium Term Notes
2021年5月20日 - 10:46PM
ビジネスワイヤ(英語)
AM Best has assigned a Long-Term Issue Credit Rating of
“a-” (Excellent) to each of the recently issued CAD 375.0 million,
1.207%, 3-year senior unsecured medium term notes offering; the CAD
375.0 million, 2.179%, 7-year senior unsecured medium term notes
offering; and the CAD 250.0 million, 3.765%, 32-year senior
unsecured medium term notes offering of Intact Financial
Corporation (IFC) [TSX: IFC] (Toronto, Ontario, Canada). The
outlook assigned to these Credit Ratings (ratings) is stable. The
Financial Strength Rating of A+ (Superior) and the Long-Term Issuer
Credit Rating of “aa-” (Superior) of IFC’s operating subsidiaries
and all other ratings of outstanding issuances remain
unchanged.
IFC intends to use the net proceeds from these debt issuances to
fund the early redemption of the IFC Series 4 notes, and to fund
the early redemption of the GBP 350 million senior 1.625% notes due
Aug. 28, 2024 (RSA senior notes) issued by RSA Insurance Group plc
(RSA). The redemption of the RSA senior notes will occur following
the close of IFC’s previously announced acquisition in which IFC,
together with Tryg A/S, will acquire RSA 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
Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Gordon McLean Senior Financial Analyst +1 908
439 2200, ext. 5304 gordon.mclean@ambest.com
Raymond Thomson CPCU, ARe, ARM Associate Director
+1 908 439 2200, ext. 5621 raymond.thomson@ambest.com
Christopher Sharkey Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Jim Peavy Director, Communications +1 908 439
2200, ext. 5644 james.peavy@ambest.com
Intact Financial (TSX:IFC)
過去 株価チャート
から 1 2025 まで 2 2025
Intact Financial (TSX:IFC)
過去 株価チャート
から 2 2024 まで 2 2025