S&P assigns Reinsurance Group notes A-

Standard & Poor's said it assigned its A- senior debt rating to Reinsurance Group of America Inc.'s proposed issuance of up to $400 million of senior unsecured notes due 2023.

The proposed notes are rated in line with the counterparty credit rating on Reinsurance Group.

Including the proposed issue, Reinsurance Group's financial leverage will be roughly 33% and its run-rate generally accepted accounting principles fixed-charge coverage will be more than 6 times after excluding the one-time after-tax charges of $184 million that it incurred in second-quarter 2013 on its Australian disability operations, which S&P previously said do not affect the ratings.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.