Moody’s assigns Baa1(hyb) rating to Royal London notes

Moody’s Investors Service said it assigned a Baa1(hyb) rating to the fixed rate reset callable guaranteed subordinated notes to be issued by RL Finance Bonds No. 4 plc. The notes will be guaranteed on a subordinated basis by the Royal London Mutual Insurance Society Ltd.

“The Baa1(hyb) rating is two notches below the A2 IFSR of Royal London, in line with Moody’s standard notching practice for subordinated debt guaranteed by an insurance operating company,” said the agency in a press release.

Proceeds will be lent to Royal London.

The outlook is stable.

© 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.