A.M. Best Assigns Issue Credit Rating to Securian Financial Group, Inc.’s Senior Unsecured Notes

OLDWICK, N.J.--()--A.M. Best has assigned a Long-Term Issue Credit Rating of “a” to Securian Financial Group, Inc.’s (SFG) (Delaware) recently issued $500 million, 4.8% senior unsecured notes, due 2048. The outlook assigned to this Credit Rating (rating) is stable.

Following the debt issuance, A.M. Best expects that financial leverage and interest coverage metrics for SFG will remain within guidelines for the assigned ratings. SFG intends to use the proceeds of the issuance for general corporate purposes.

SFG’s Long-Term Issuer Credit Rating of “a” and the ratings of its operating insurance subsidiaries are unchanged.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

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Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

A.M. Best
Keith Behrmann, +1-908-439-2200, ext. 5733
Senior Financial Analyst
keith.behrmann@ambest.com
or
Edward Kohlberg, +1-908-439-2200, ext. 5664
Associate Director
edward.kohlberg@ambest.com
or
Christopher Sharkey, +1-908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1-908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com

Contacts

A.M. Best
Keith Behrmann, +1-908-439-2200, ext. 5733
Senior Financial Analyst
keith.behrmann@ambest.com
or
Edward Kohlberg, +1-908-439-2200, ext. 5664
Associate Director
edward.kohlberg@ambest.com
or
Christopher Sharkey, +1-908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1-908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com