Standard & Poor’s Ratings Services assigned its “A” senior debt rating to HCC Insurance Holdings Inc.’s (HCC) $125 million ($143.75 million if the underwriters exercise their over-allotment option) 1.30 percent convertible notes, which mature in 2023, based on HCC’s strong business profile, strong operating performance, very strong capitalization, and good financial flexibility.
S&P’s also said it affirmed its “A” counterparty credit rating on HCC and its “AA’ counterparty credit and financial strength ratings on related group members.
The outlook on all these companies is stable.
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Agency VP Sentenced to 3 Years in Massive ACA Fraud Scheme 
10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris 
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In 
