Fitch rates Western & Southern notes A+

Fitch Ratings said it assigned an expected A+ rating to the new $500 million of surplus notes due 2061 issued by the Western and Southern Life Insurance Co. Western & Southern's other ratings are not affected by this rating action, the agency said.

“The ratings assigned to the new surplus note are equivalent to the ratings assigned to Western & Southern's existing surplus notes, and reflect standard notching based on Fitch's rating criteria. The surplus notes are rated one notch below Western & Southern's AA- long-term issuer default rating.

Proceeds are expected to be used for general corporate purposes.

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