AM Best Assigns Issue Credit Rating to Reinsurance Group of America, Incorporated’s New Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) to the $650 million, 5.75% senior unsecured notes, due Sept. 15, 2034, recently issued by Reinsurance Group of America, Incorporated (RGA) (Chesterfield, MO) [NYSE: RGA]. The outlook assigned to this Credit Rating (rating) is stable. All other ratings of RGA and its insurance subsidiaries remain unchanged.

The proceeds from the sale of the notes will be used to pay for general corporate purposes. RGA’s financial leverage and interest coverage will remain within AM Best’s guidelines to support the company’s current ratings.

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