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Prospect News home > News index > List of issuers A > Headlines for Assurant, Inc. > News item |
Fitch affirms Assurant
Fitch Ratings said it affirmed Assurant Inc.'s long-term issuer default rating at BBB+, $500 million 5.64% senior notes due 2014 at BBB, $475 million 6.8% senior notes due 2034 at BBB and commercial paper at F2.
The outlook is stable.
Strengths include diversified and growing earnings, solid niche market positions and a relatively conservative balance sheet, according to the agency.
Weaknesses include competitive challenges, adequacy of statutory capital levels and potential negative repercussions from ongoing Securities and Exchange Commission investigations, Fitch said.
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