A.M. Best Co. announced that it has assigned a “bbb” rating to the forthcoming $200 million senior notes due 2014 to be issued by Bermuda-based Aspen Insurance Holdings Limited (AHL). Best also assigned AHL a “bbb” issuer credit rating.
“The issue matures in 2014 but can be redeemed by AHL at any time,” said Best. The outlook for both ratings is stable.
Best also noted that the “financial strength ratings for the following subsidiaries of AHL remain unaffected and the outlook is stable:
— Aspen Insurance UK Limited – A (Excellent)
— Aspen Insurance Limited – A- (Excellent)
— Aspen Specialty Insurance Company – A- (Excellent)
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