Fitch rates StanCorp notes BBB

Fitch Ratings said it assigned a BBB rating to StanCorp Financial Group, Inc.'s proposed issuance of $250 million of 10-year senior notes.

The agency expects the proceeds to be used to fund the repayment of $250 million of senior notes maturing Oct. 1, 2012.

StanCorp's ratings are supported by the company's solid competitive position in the U.S. group insurance market and its adequate balance sheet fundamentals, which reflect strong asset quality, good risk-adjusted capitalization and reasonable financial leverage, the agency said.

There was a moderate decline in the company's overall operating profitability in the first half of 2012 relative to the same period in 2011, but Fitch said this was in line with its expectations.

© 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.