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Published on 6/17/2019 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 $500 million of 3.7% senior unsecured notes due 2029 issued by PartnerRe Finance B LLC, a wholly owned subsidiary of PartnerRe Ltd.

PartnerRe has fully and unconditionally guaranteed the notes on a senior unsecured basis.

The new issuance ranks equally with PartnerRe's currently outstanding senior notes, the agency said.

The proceeds will be used to redeem $500 million of its outstanding 5.5% senior notes due 2020.


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