Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
A.M. Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of "a+" to Chubb INA Holdings Inc.'s (Chubb) recently announced EUR 900 million 1.55% Senior Unsecured Notes due 2028 and EUR 900 million 2.50% Senior Unsecured Notes due 2038. The notes are guaranteed by Chubb Limited (Zurich, Switzerland) (NYSE:CB). The outlook assigned to the Credit Ratings (ratings) is stable.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Following the senior unsecured notes issue, financial leverage and coverage measures will be supportive of the assigned ratings. Chubb intends to use the net proceeds of the offering to repay outstanding debt. This includes notes due in 2018 and 2019 and the redemption of the $1.0 billion aggregate principal amount of Directly Issued Subordinated Capital Securities with scheduled maturity in 2037. With these payments, including the payment of the March 2018 note, the next debt maturity is November 2020.
Chubb's Long-Term Issuer Credit Rating of "a+," its existing Long-Term IRs and the ratings of its operating insurance subsidiaries are unchanged.
This press release relates to Credit Ratings 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 see A.M. Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best's Credit Ratings. For information on the proper media use of Best's Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best's Credit Ratings and A.M. Best Rating Action Press Releases.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
A.M. Best is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180305005848/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.