Fitch rates CNA notes BBB+

Fitch Ratings said it rated CNA Financial Corp.'s $400 million of issuance of 10-year 5.5% senior unsecured notes BBB+.

The ratings are equivalent to Fitch's ratings on CNA's currently outstanding senior notes, the agency said.

CNA is expected to use the proceeds to repurchase, redeem, repay or otherwise retire the $250 million par value outstanding of the 7.25% senior notes due Nov. 15, with anything left to be used for general corporate purposes.

The outlook is stable.

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