Fitch rates Hartford notes A

Fitch Ratings said it assigned an A rating to Hartford Financial Services Group, Inc.'s issue of unsecured senior notes due 2019.

The company has a long-term issuer default rating of A+ and short-term issuer default rating of F1.

The outlook remains stable.

Proceeds will be used to pre-fund $530 million of senior notes that mature in November.

In February, the company issued $500 million of senior notes to primarily pre-fund $425 million of notes that mature in August and to also help pre-fund the senior notes that mature in November.

Financial leverage will temporarily rise after the new senior note issuance, Fitch said. Following the debt maturities later this year, however, financial leverage will be more modest, the agency added.

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