A.M. Best Co. announced that it has assigned indicative ratings of “bbb” to senior unsecured notes, “bbb-” to subordinated notes, “bb+” to junior subordinated notes and “bb” to preferred stock of Bermuda-based Aspen Insurance Holdings Limited’s recently filed $500 million universal shelf registration.
Best noted that AHL is a non-operating holding company of the Aspen group companies.
“The existing “bbb” issuer credit rating of AHL and “bbb” rating of the $250 million senior unsecured notes issued by AHL remain unaffected,” said Best. “The outlook for all ratings is stable.”
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