Fitch assigns Sagicor notes BB-

Fitch Ratings said it assigned a BB- rating to Sagicor Financial Co. Ltd.’s planned senior notes.

Sagicor’s other ratings are unaffected by this rating action.

The rating action follows the company's announcement it intends to sell additional senior notes via a reopening of its $400 million of 5.3% senior note sale completed in May, the agency said. Fitch affirmed the notes BB- rating.

SFCL expects to use the proceeds for general corporate purposes, including, but not limited to supporting growth in the company's U.S. business.

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