Fitch affirms Assurant

Fitch Ratings said it affirmed Assurant, Inc.'s long-term issuer default rating at BBB+, $500 million senior notes due 2014 at BBB and $475 million senior notes due 2034 at BBB.

The ratings reflect a view that the company has a solid balance sheet with moderate investment risk, financial leverage and total financings and commitments, Fitch said, and solid EBIT interest coverage.

Fitch also said it considers the company's good niche market positions supported by long-standing distribution partnerships as a positive rating factor.

Concerns include its deteriorating operating profile given weak earnings trends in many business segments as a result of macroeconomic pressure and increased catastrophe risk, the agency said.

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