E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers P > Headlines for PartnerRe Ltd. > News item
Published on 9/23/2020 in the Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch rates PartnerRe notes BBB

Fitch Ratings said it assigned a BBB rating to the $500 million of 4.5% fixed-rate reset junior subordinated notes due 2050 by PartnerRe Finance B LLC. The issuer is a wholly owned subsidiary of PartnerRe Ltd., which guarantees the notes. Fitch rates PartnerRe Ltd. A- and its unsecured notes BBB+.

The company intends to use proceeds for general corporate purposes, including for the repayment or redemption of its $67 million outstanding 5.875% series F non-cumulative preferred shares, as well as other indebtedness.


© 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.