Fitch gives W.R. Berkley notes BBB+

Fitch Ratings said it assigned a BBB+ rating to W.R. Berkley Corp.’s $350 million senior unsecured debt issuance due 2044.

The rating is equivalent to Fitch's ratings on Berkley's existing senior unsecured notes.

Fitch expects the company to use the debt issuance proceeds for general corporate purposes, including refinancing $200 million of 5.6% senior unsecured debt that matures in May 15, 2015.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.