Moody’s rates Alleghany notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to $500 million of 30-year senior unsecured notes being issued by Alleghany Corp.

The agency affirmed Alleghany’s Baa1 senior unsecured rating on Jan. 14, 2020.

The company plans to use the proceeds for general corporate purposes, which may include the repayment of Alleghany's senior notes due 2022.

The outlook is unchanged at stable.

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