Moody's assigns ACE INA notes A3

Moody's Investors Service said it assigned an A3 to ACE INA Holdings, Inc.'s proposed $450 million senior unsecured debt due 2015.

The senior debt is fully and unconditionally guaranteed by ACE INA's indirect parent, ACE Ltd. (senior debt at provisional A3), the agency said, adding that ACE intends to use the net proceeds to, together with available cash, to redeem its preferred shares.

The outlook is stable.

Moody's noted that ACE's ratings reflect its solid competitive positions in its principal business segments, its diversified spread of risk and good internal liquidity and its sound capitalization on a consolidated basis.

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