Fitch rates Global Atlantic notes BBB

Fitch Ratings said it assigned a BBB to Global Atlantic Financial Group's senior unsecured long-term notes maturing 2029.

Existing ratings are unaffected by the action, the agency noted.

The notes are issued out of Global Atlantic (Fin) Co. and are fully and unconditionally guaranteed by Global Atlantic Financial.

Both Global Atlantic (Fin) and Global Atlantic Financial have long-term issuer default ratings of BBB+.

The notes were assigned a rating one notch below the long-term issuer default rating, which reflects standard notching based on Fitch's rating criteria, the agency said.

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