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Fitch assigns BBB+ to CNA notes
Fitch Ratings said it assigned a BBB+ rating to CNA Financial Corp.'s $500 million new issuance of senior unsecured notes.
“The ratings are equivalent to Fitch's ratings on CNA's currently outstanding senior notes,” the agency said in a press release.
CNA is expected to use the proceeds, along with cash on hand, to repurchase, redeem, repay or otherwise retire the $550 million outstanding of 3.95% senior notes due May 15.
The outlook is stable.
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