Fitch rates Liberty Mutual debt BBB-

Fitch Ratings said it assigned a BBB- debt rating to Liberty Mutual Group Inc.'s new $600 million issuance of 4.25% senior debt due 2023.

Additionally, Fitch affirmed Liberty Mutual's issuer default rating at BBB and insurance operating subsidiaries' insurer financial strength ratings at A-.

The outlook for all ratings is stable.

Liberty Mutual's new debt issuance ranks equally with its existing and future unsecured senior indebtedness. Net proceeds from the offering are expected to be used to redeem upcoming maturing notes and for general corporate purposes.

© 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.