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S&P rates Kemper subordinated notes BB+
S&P said it assigned its BB+ rating to Kemper Corp.'s planned subordinated notes due 2062.
“The rating on the subordinated debenture is two notches below our BBB long-term issuer credit and senior debt ratings on Kemper. The two notches represent the subordination of the issue and the optional dividend deferability of the notes,” the agency said in a press release.
The outlook is stable.
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