Moody’s rates Liberty Mutual notes Baa2

Moody’s Investors Service said it assigned a Baa2 rating to about $1.25 billion of senior unsecured notes due 2050 being issued by Liberty Mutual Group Inc. in exchange for the same total principal amount of six series of outstanding senior and junior subordinated notes.

Liberty Mutual is offering the notes to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

The outlook is stable.

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