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
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
Jennifer Marshall, 908-439-2200, ext. 5327
Managing Senior Financial Analyst
Rachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
Copyright Business Wire 2013