Credit rating

AM Best Assigns Issue Credit Rating to American Financial Group, Inc.’s New Senior Unsecured Notes

Friday, March 27, 2020 - 6:32pm

AM Best has assigned a Long-Term Issue Credit Rating of a- to the new $300 million 5.25% 10-year senior unsecured notes due April 2030 recently issued by American Financial Group, Inc. (AFG) (Cincinnati, OH) [NYSE: AFG].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of a- to the new $300 million 5.25% 10-year senior unsecured notes due April 2030 recently issued by American Financial Group, Inc. (AFG) (Cincinnati, OH) [NYSE: AFG].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests 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.

AM Best Affirms Credit Ratings of New Zealand Medical Professionals Limited

Friday, March 27, 2020 - 3:10pm

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of New Zealand Medical Professionals Limited (NZMPL) (New Zealand).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of bbb- of New Zealand Medical Professionals Limited (NZMPL) (New Zealand).
  • The company is a small and niche insurer in New Zealand that focuses on providing medical indemnity insurance to medical practitioners and health professionals.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings to China Taiping Insurance (Macau) Co., Ltd.

Friday, March 27, 2020 - 3:09pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of China Taiping Insurance (Macau) Co., Ltd. (CTIM) (Macau).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of China Taiping Insurance (Macau) Co., Ltd. (CTIM) (Macau).
  • The ratings also reflect the support the company receives from its parent, China Taiping Insurance Holdings Company Limited (CTIH).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Downgrades Issuer Credit Rating of CESCE Fianzas México, S.A. de C.V.

Thursday, March 26, 2020 - 8:45pm

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb from bbb+ and the Mexico National Scale Rating (NSR) to aa.MX from aa+.MX, and affirmed the Financial Strength Rating (FSR) of B++ (Good) of CESCE Fianzas Mxico, S.A. de C.V. (CESCEF).

Key Points: 
  • AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to bbb from bbb+ and the Mexico National Scale Rating (NSR) to aa.MX from aa+.MX, and affirmed the Financial Strength Rating (FSR) of B++ (Good) of CESCE Fianzas Mxico, S.A. de C.V. (CESCEF).
  • Partially offsetting these positive rating factors are CESCEMs historically negative bottom line results and the intense competition in Mexicos credit insurance segment.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Assigns Credit Ratings to Obsidian Insurance Company

Thursday, March 26, 2020 - 8:04pm

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Obsidian Insurance Company (Obsidian) (Columbus, OH).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Obsidian Insurance Company (Obsidian) (Columbus, OH).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests 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.

AM Best Assigns Issue Credit Ratings to Humana Inc.’s Senior Unsecured Notes

Thursday, March 26, 2020 - 5:40pm

AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of bbb- to Humana Inc.s (Humana) (headquartered in Louisville, KY) [NYSE:HUM] recently announced $600 million 4.5% 5-year senior unsecured notes due 2025 and the $500 million 4.875% 10-year senior unsecured notes due 2030.

Key Points: 
  • AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of bbb- to Humana Inc.s (Humana) (headquartered in Louisville, KY) [NYSE:HUM] recently announced $600 million 4.5% 5-year senior unsecured notes due 2025 and the $500 million 4.875% 10-year senior unsecured notes due 2030.
  • Humanas Long-Term Issuer Credit Rating of bbb-, its existing Long-Term IRs and the ratings of its insurance subsidiaries are unchanged.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

Ahold Delhaize successfully priced a 7-year €500 million senior bond issue

Thursday, March 26, 2020 - 5:00pm

Zaandam, the Netherlands, March 26, 2020 Koninklijke Ahold Delhaize N.V. announced today that it has successfully launched and priced 500 million fixed rate bonds due in 2027.

Key Points: 
  • Zaandam, the Netherlands, March 26, 2020 Koninklijke Ahold Delhaize N.V. announced today that it has successfully launched and priced 500 million fixed rate bonds due in 2027.
  • The senior unsecured offering is expected to be assigned BBB/Baa1 credit ratings by S&P and Moodys respectively.
  • The settlement of the bond issue will take place on April 2, 2020.
  • The net proceeds from the offering will be applied for the refinancing of debt and for general corporate purposes.

AM Best Places Credit Ratings of EmblemHealth, Inc.’s Insurance Subsidiaries Under Review With Negative Implications

Thursday, March 26, 2020 - 3:41pm

The Credit Ratings (ratings) will remain under review while AM Best has further discussions with the companys management team related to its capital plan.

Key Points: 
  • The Credit Ratings (ratings) will remain under review while AM Best has further discussions with the companys management team related to its capital plan.
  • The ratings may be removed from under review with negative implications if AM Best believes that the capital plan is achievable and supportive of the current rating level.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Assigns Credit Ratings to Accelerant Insurance Limited

Thursday, March 26, 2020 - 3:17pm

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Accelerant Insurance Limited (Accelerant EU) (Malta).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Accelerant Insurance Limited (Accelerant EU) (Malta).
  • The company is a wholly owned subsidiary of Accelerant Intermediate Holdings (Accelerant) (Cayman Islands), the non-operating holding company of the Accelerant group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Trustmark Group, Inc. and Its Subsidiaries

Thursday, March 26, 2020 - 3:13pm

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • However, AM Best also notes that the Trustmark Group operates in the highly competitive voluntary benefits market, which includes many national and regional insurers.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .