Moody's gives Lincoln National notes Baa2

Moody's Investors Service said it assigned Baa2 (stable outlook) debt ratings to Lincoln National Corp.'s $750 million issuance of fixed-rate senior unsecured notes.

The notes are comprised of $250 million maturing in 2015 and $500 million maturing in 2040.

Moody's said that proceeds from the $250 million issuance are expected to be used to repurchase a portion of the $950 million of preferred shares issued in 2009 to the U.S. Treasury under the Treasury's Capital Purchase Program.

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