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A.M. Best Assigns Debt Rating to Aviva Plc
Business Wire, June 3, 2008
OLDWICK, N.J. -- A.M. Best Co. has assigned a debt rating of "a-" to the Tier 2 dated fixed/floating rate subordinated notes to be issued by Aviva Plc (Aviva) (United Kingdom) under its existing GBP 5 billion Euro Note Programme. The outlook is stable.
The amount is expected to be around GBP 800 million and is to be used for the refinancing of maturing debt of the Aviva group. The debt leverage is therefore to remain stable and in line with the current rating.
For Best's Debt Ratings, all other Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.
Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.
COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
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