S&P rates Hartford notes A

Standard & Poor's said it assigned an A senior unsecured debt rating to Hartford Financial Services Group Inc.'s (A/stable/A-1) $500 million senior unsecured fixed-rate note issue.

Proceeds will help repay $200 million of debt maturing on Nov. 1, 2008 and for general corporate purposes.

The rating reflects the strength of the consolidated group's balance sheet and the strong, well-diversified and sustainable revenue and earnings from its life and property and casualty operations, the agency said.

Offsetting these strengths is the potential for earnings volatility from its life and property and casualty operations, S&P said.

© 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.