Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hartford Financial Services Group Inc. > News item |
S&P rates Hartford notes BBB
Standard & Poor's said it assigned its BBB issue-level rating to Hartford Financial Services Group Inc.'s proposed $300 million senior unsecured notes due 2043 with an interest rate of 4.3%.
The company will use the net proceeds from this issuance for general corporate purposes, which may include repaying its senior unsecured notes due July 2013 with an interest rate of 4.625%.
The new issuance is in line with management's capital-management plan announced earlier this year, the agency said.
© 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.