Moody’s rates ACE INA notes A3

Moody's Investors Service said it assigned an A3 rating to the proposed $800 million senior unsecured notes offering by ACE INA Holdings, Inc., unconditionally guaranteed by ACE Ltd., Inc., maturing in 2025.

The outlook is stable.

The notes are being issued under the company's shelf registration (provisional senior unsecured debt rated A3).

ACE INA intends to use the net proceeds plus available cash to repay at maturity the $500 million of its 5.7% senior notes maturing in February 2017 and $300 million of ACE INA's 5.8% senior notes maturing in March 2018.

According to Moody's, the ratings reflect ACE’s solid competitive position in its principal business segments, its diversified international spread of risk and good internal liquidity and its sound capitalization and financial flexibility on a consolidated basis.

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