Fitch assigns Kemper notes BBB

Fitch Ratings said it assigned a BBB rating to Kemper Corp.’s $400 million offering of senior unsecured notes maturing in 2030. The rating is equivalent to the ratings on Kemper’s senior debt.

The proceeds are expected to be used for general corporate purposes.

Pro forma financial leverage is expected to increase to 24.7%, up from 17.8% as of June 30, remaining within sensitivities for the current rating category, Fitch said.

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