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A.M. Best Co. has assigned an issuer credit rating of “bbb”, a debt rating of “bbb” to the $143.75 million 6.5% senior unsecured notes (including the underwriters’ over-allotment option) due September 15, 2042 and indicative ratings of “bbb” on senior unsecured debt and “bbb-” on subordinated debt of the recently filed shelf registration of
Argo Group US, Inc. (Argo US) (San Antonio, TX). The outlook assigned to these ratings is stable.
The senior notes are fully and unconditionally guaranteed by
Argo Group International Holdings, Ltd. (Argo Group) (Bermuda) [NASDAQ: AGII] and are redeemable on or after September 15, 2017 at 100% of their principal amount plus accrued and unpaid interest at the redemption date.