Moody's assigns Baa1 to Aegon notes

Moody's Ratings said it assigned a Baa1 backed senior unsecured debt rating to the dollar-denominated bond to be issued by Aegon Funding Co. LLC. AFC is a financing vehicle fully owned by Aegon Ltd.

“The Baa1 debt rating reflects the unconditional and irrevocable guarantee provided by Aegon Ltd. and is in line with the Baa1 senior unsecured debt rating of Aegon Ltd.,” Moody’s said in a statement.

Aegon Ltd. will use the proceeds for general corporate purposes, including financing the call of €700 million subordinated debt.

The outlook is stable.

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