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AM Best Assigns Issue Credit Ratings to Chubb INA Holdings LLC's Senior Unsecured Bonds

1. Chubb INA Holdings LLC receives 'a+' ratings for bond issuance. 2. CNY 4.5 billion bond issuance may enhance Chubb's market position.

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FAQ

Why Bullish?

The positive credit rating and substantial bond issuance indicate financial stability. Historically, similar bond issuances have often led to stock price increases for financial firms.

How important is it?

The bond's size and ratings can influence investor confidence, leading to price movement. A strong credit rating directly reassures investors regarding the company’s long-term viability.

Why Long Term?

The bond issuance will strengthen Chubb's capital structure, impacting performance over several years. Past cases show that improved ratings often have lasting effects.

Related Companies

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned Long-Term Issue Credit Ratings of “a+” (Excellent) to Chubb INA Holdings LLC (Chubb) (Delaware) recently announced CNY 4.5 billion (approximately USD 626 million) issuance of senior unsecured bonds in the Hong Kong market in three tranches, which are guaranteed by Chubb Limited: CNY 1 billion 2.5% senior unsecured bonds due 2030; CNY 1.5 billion 2.75% senior unsecured bonds due 2035; and CNY 2 billion 3.05% senior unsecured bonds due 2055. Th.

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