Fitch affirms Kemper

Fitch Ratings said it affirmed Kemper Corp.'s issuer default rating at BBB, along with the BBB- rating on its $610 million senior notes.

The agency also affirmed the insurer financial strength ratings of Kemper's operating subsidiaries at A-.

The agency also said it assigned a BBB- rating to Kemper's $325 million credit facility.

The outlook is stable.

The ratings reflects the company's adequate capitalization, modest financial leverage and operating results that remain within rating expectations, albeit below peer company results, Fitch said.

Kemper's financial leverage remains within expectations with debt-to-capital of 25.2% as of March 31, the agency 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.