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Prospect News home > News index > List of issuers P > Headlines for Principal Financial Group, Inc. > News item |
S&P rates Principal Financial notes BBB+
Standard & Poor's said it assigned its BBB+ rating to Principal Financial Group Inc.'s issuances of approximately $750 million in senior unsecured notes due in 2017, 2023 and 2043.
According to S&P, Principal will use the proceeds to complete its planned acquisition of AFP Cuprum.
The BBB+ rating on Principal Financial Group, Inc. and the A+/A-1 ratings on its lead U.S. life insurance company, Principal Life Insurance Co., remain unchanged. The outlook is negative.
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