Moody's rates ACE INA notes A3

Moody's Investors Service said it assigned an A3 rating to $700 million of senior unsecured notes being issued by ACE INA Holdings, Inc. and guaranteed by ACE Ltd., Inc. maturing in 2024.

The outlook is stable.

The notes will be issued under the company's shelf registration (provisional senior unsecured debt rated provisional A3).

ACE intends to use the proceeds from the offering to repay $700 million of ACE INA's 2.6% senior notes maturing in November 2015.

Moody's said the ratings reflect the group's solid competitive position in its principal business segments, its diversified international spread of risk and good internal liquidity, and its sound capitalization and financial flexibility on a consolidated basis.

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