Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kemper Corp. > News item |
Moody’s rates Kemper notes Baa3
Moody's Investors Service said it assigned a Baa3 rating to about $250 million of 10-year senior unsecured notes being issued by Kemper Corp.’s (provisional senior unsecured debt Baa3) off its multi-purpose shelf registration.
Net proceeds are expected to be primarily used to fund the upcoming $250 million debt maturity in November 2015.
The outlook is stable.
Moody's said Kemper's ratings reflect the company's good geographic diversification with relatively low underwriting risk in personal automobile insurance, consistently profitable home service insurance business, solid risk adjusted subsidiary capitalization and a high quality fixed income portfolio.
Offsetting these strengths are the group's limited scale in the highly competitive personal lines sector, growth challenges in personal automobile, limited growth opportunities in the declining home service insurance business and exposure to natural catastrophes.
© 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.