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A.M. Best Co. has assigned a debt rating of “a” to the recently issued $500 million 4.6% senior unsecured note, due 2043 of
The Travelers Companies, Inc. (Travelers) (headquartered in New York, NY) (NYSE: TRV). The assigned outlook is positive.
The proceeds from the debt issuance will be used to fund a portion of the purchase price of
The Dominion of Canada General Insurance Company (The Dominion) (Toronto, Canada), one of the largest property/casualty insurers in Canada and for general corporate purposes. The debt offering is pursuant to a shelf registration statement filed with the Securities & Exchange Commission. While Travelers’ financial leverage will modestly increase, it will remain within A.M. Best’s guidelines to support its current ratings.