Fitch rates Sammons notes BBB+

Fitch Ratings said it rated Sammons Financial Group, Inc.'s newly issued senior notes BBB+. The ratings previously assigned to Sammons and its insurance operating subsidiaries are unchanged.

“The rating assigned to the notes is one notch below Sammons' long-term issuer default rating (IDR), which reflects standard notching based on Fitch's insurance rating criteria,” the agency said in a press release.

The issuer will use the proceeds for general corporate purposes.

The outlook is stable.

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