S&P assigns Acrisure notes CCC+

S&P said it assigned its CCC+ rating to Acrisure LLC's $500 million of senior notes maturing in 2029. The recovery rating is 6, indicating an expectation for negligible (0%) recovery of principal in default.

“The ratings on Acrisure Holdings Inc. and its core subsidiaries–including our B long-term issuer credit rating, B first-lien credit facility debt rating and CCC+ unsecured debt rating–are unaffected by the new senior notes issuance,” the agency said in a press release.

Acrisure is expected to use the proceeds to fund future acquisitions.

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