AM Best Assigns Issue Credit Rating to Reinsurance Group of America, Incorporated’s New Senior Unsecured Notes
16 Mayo 2024 - 4:04PM
Business Wire
AM Best has assigned a Long-Term Issue Credit Rating
(Long-Term IR) of “a-” (Excellent) to the $650 million, 5.75%
senior unsecured notes, due Sept. 15, 2034, recently issued by
Reinsurance Group of America, Incorporated (RGA) (Chesterfield, MO)
[NYSE: RGA]. The outlook assigned to this Credit Rating (rating) is
stable. All other ratings of RGA and its insurance subsidiaries
remain unchanged.
The proceeds from the sale of the notes will be used to pay for
general corporate purposes. RGA’s financial leverage and interest
coverage will remain within AM Best’s guidelines to support the
company’s current ratings.
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 use of Best’s Credit Ratings, Best’s Performance
Assessments, Best’s Preliminary Credit Assessments and AM Best
press releases, please view Guide to Proper Use of Best’s
Ratings & Assessments.
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 © 2024 by A.M. Best Rating
Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Louis Silvers Senior Financial Analyst +1 908
882 2316 louis.silvers@ambest.com
Christopher Sharkey Associate Director, Public
Relations +1 908 882 2310
christopher.sharkey@ambest.com
Michael Porcelli Senior Director +1 908 882
2250 michael.porcelli@ambest.com
Al Slavin Senior Public Relations Specialist +1
908 882 2318 al.slavin@ambest.com
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