Moody’s rates Protective’s notes Baa1

Moody’s Investors Service said it assigned a Baa1 rating to the proposed offering of $400 million of 10-year fixed rate senior notes to be issued by Protective Life Corp. The company is rated Baa1.

Proceeds will be used for general corporate purposes, including repaying $400 million of senior unsecured debt maturing on Oct. 15.

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