AM Best Assigns Issue Credit Rating to Selective Insurance Group Inc.’s Senior Unsecured Notes
Selective intends to use the net proceeds from the offering to redeem all
Following the debt issuance, financial leverage will remain within guidelines for the assigned ratings. Selective’s Long-Term Issuer Credit Rating of “bbb+” and the ratings of its operating insurance subsidiaries remain unchanged.
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 Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190306005527/en/
Jacqalene Lentz, CPA
Director
+1 908 439 2200, ext. 5762
[email protected]
Senior Director
+1 908 439 2200, ext. 5815
[email protected]
Manager, Public Relations
+1 908 439 2200, ext. 5159
[email protected]
Director, Public Relations
+1 908 439 2200, ext. 5644
[email protected]
Source: AM Best
‘It’s Awful’: Alabama Governor Tours Devastation
Why are more families losing children’s health insurance coverage?
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News