| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hanover Insurance Group Inc. > News item |
Fitch rates Hanover notes BB
Fitch Ratings said it assigned a BB rating to the Hanover Insurance Group Inc.'s issuances of $175 million in subordinated debentures due March 30, 2053.
The company will use the notes for general corporate and working capital purposes, which may include repurchases of its common stock, Fitch said.
The company has an issuer default rating of BBB, along with a BBB- rating on its 7½% senior notes due 2020, BBB- rating on its 6.375% senior unsecured notes due 2021, BBB- rating on its 7.625% senior unsecured notes due 2025 and BB rating on its 8.207% junior subordinated debentures due 2027.
© 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.