A.M. Best Assigns Rating to American Financial Group, Inc.'s Recently Announced Subordinated Debentures

OLDWICK, N.J.--(BUSINESS WIRE)--

A.M. Best has assigned an issue rating of "bbb+" to the recently announced 40-year, $150 million 6.0% subordinated debentures of American Financial Group, Inc. (AFG) (Cincinnati, OH) AFG. The outlook assigned to the rating is stable. All remaining ratings of AFG and its subsidiaries are unchanged.

The proceeds from this issuance will be used for general corporate purposes, which may include stock repurchases. The debt offering is pursuant to a shelf registration statement filed with the Securities and Exchange Commission. While AFG's financial leverage will modestly increase in the near term, it will remain within A.M. Best's guidelines to support its current ratings.

This press release relates to rating(s) 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 visit A.M. Best's Ratings & Criteria Center.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

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