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Prospect News home > News index > List of issuers V > Headlines for Validus Holdings, Ltd. > News item |
S&P gives BBB- to Validus preferreds
S&P said it assigned its BBB- preferred stock rating to Validus Holdings Ltd.’s proposed issuance of perpetual noncumulative preferred stock.
Although Validus Holdings can call these notes in 2021, S&P said it expects the funds raised to remain a long-term feature of VR’s capital structure.
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