A.M. Best Assigns Debt Ratings to Assurant, Inc.’s Forthcoming Senior Notes
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130325:nBw256063a OLDWICK, N.J.--(Business Wire)-- A.M. Best Co. has assigned debt ratings of "bbb" to the $250 million 2.96% senior unsecured notes due March 2018, the $250 million 4.26% senior unsecured notes due March 2023 and the $250 million 5.83% senior unsecured notes due March 2043 to be issued by Assurant, Inc. (Assurant) (headquartered in New York, NY) (NYSE: AIZ). The outlook assigned to all ratings is stable. Assurant intends to use the net proceeds for general corporate purposes including to repay at maturity its $500 million of 5.63% senior notes due February 2014. The company`s financial leverage and coverage measures will remain within A.M. Best`s guidelines for the assigned ratings. The methodology used in determining these ratings is Best`s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best`s rating process and contains the different rating criteria employed in the rating process. Key criteria utilized include: "Risk Management and the Rating Process for Insurance Companies" and "Insurance Holding Company and Debt Ratings." Best`s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology. A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com. Copyright © 2013 by A.M. Best Company, Inc.ALL RIGHTS RESERVED. A.M. Best Co. Brian O`Larte, 908-439-2200, ext. 5138 Senior Financial Analyst email@example.com or Jennifer Marshall, 908-439-2200, ext. 5327 Managing Senior Financial Analyst firstname.lastname@example.org or Rachelle Morrow, 908-439-2200, ext. 5378 Senior Manager, Public Relations email@example.com or Jim Peavy, 908-439-2200, ext. 5644 Assistant Vice President, Public Relations firstname.lastname@example.org Copyright Business Wire 2013