A.M. Best Co. announced that it has assigned indicative ratings of “bbb” to senior unsecured notes, “bbb-” to subordinated notes, “bb+” to junior subordinated notes and “bb” to preferred stock of Bermuda-based Aspen Insurance Holdings Limited’s recently filed $500 million universal shelf registration.
Best noted that AHL is a non-operating holding company of the Aspen group companies.
“The existing “bbb” issuer credit rating of AHL and “bbb” rating of the $250 million senior unsecured notes issued by AHL remain unaffected,” said Best. “The outlook for all ratings is stable.”
Was this article valuable?
Here are more articles you may enjoy.
AI’s Volatile Power Demand Is Damaging Its Own Data Centers 
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
Rhine River Shipping Stalls as Water Level Hits Record Low 
Homeowners Insurance Market Reaches ‘Fragmented Phase,’ Says S&P GMI 
