Moody's: Primerica debt Baa2

Moody's Investors Service said it assigned a Baa2 senior unsecured debt rating to Primerica, Inc.'s, $375 million issuance of 10 year 4.75% coupon senior unsecured debt.

According to Moody's, proceeds are expected to be used to redeem a Citigroup, Inc. note and for general corporate purposes. The outlook is stable.

"Although Primerica's debt issuance results in a higher financial leverage ratio, it remains in-line with our expectations for Primerica's current rating level, " said Moody's vice president Ann Perry in a news release.

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