CNAF

AM Best Assigns Issue Credit Rating to CNA Financial Corporation’s New Senior Unsecured Notes

Retrieved on: 
Wednesday, February 7, 2024
Other Professional Services, Professional Services, Insurance, CNA Financial, News, AM Best, Good, CNA, Credit, Sale, ALL, CNAF

AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to the recently issued $500 million, 5.125% senior unsecured notes due Feb. 15, 2034, of CNA Financial Corporation (CNAF) (Chicago, IL).

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to the recently issued $500 million, 5.125% senior unsecured notes due Feb. 15, 2034, of CNA Financial Corporation (CNAF) (Chicago, IL).
  • Proceeds from the sale of the senior unsecured notes will be utilized to repurchase, redeem, repay or otherwise retire the $550 million outstanding aggregate principal balance of the 3.95% senior unsecured notes due May 15, 2024.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of CNA Financial Corporation and Its Subsidiaries

Retrieved on: 
Friday, December 15, 2023
Insurance, Professional Services, Pressure, NYSE, ERM, CNA, CNA Financial, Credit, Long-Term Capital Management, CNAF, AM Best, Loews Corporation, Good, News, FSR, ALL, Risk management, Security (finance)

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the property/casualty (P/C) subsidiaries of CNA Financial Corporation (CNAF) [NYSE: CNA], collectively known as CNA Insurance Companies (CNA).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the property/casualty (P/C) subsidiaries of CNA Financial Corporation (CNAF) [NYSE: CNA], collectively known as CNA Insurance Companies (CNA).
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and all existing Long-Term Issue Credit Ratings (Long-Term IR) of CNAF.
  • The ratings also acknowledge the historical financial support provided by CNA’s diversified 91.7%-shareholder ultimate parent, Loews Corporation.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Affirms Credit Ratings of CNA Financial Corporation and Its Subsidiaries

Retrieved on: 
Thursday, August 17, 2023
Insurance, Professional Services, Pressure, Good, AM Best, Loews Corporation, CNA Financial, ALL, ERM, Long-Term Capital Management, Credit, CNA, CNAF, FSR, AM, News, NYSE, Security (finance), Risk management

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the property/casualty (P/C) subsidiaries of CNA Financial Corporation (CNAF) [NYSE: CNA], collectively known as CNA Insurance Companies (CNA).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the property/casualty (P/C) subsidiaries of CNA Financial Corporation (CNAF) [NYSE: CNA], collectively known as CNA Insurance Companies (CNA).
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and all existing Long-Term Issue Credit Ratings (Long-Term IR) of CNAF.
  • The ratings also acknowledge the historical financial support provided by CNA’s diversified 91.7%-shareholder ultimate parent, Loews Corporation.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Assigns Issue Credit Rating to CNA Financial Corporation’s New Senior Unsecured Notes

Retrieved on: 
Thursday, May 18, 2023
Insurance, Professional Services, Good, AM Best, ALL, CNA Financial, Credit, CNA, Sale, CNAF, AM, News

AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to the recently issued $400 million 5.5% senior unsecured notes due 2033 of CNA Financial Corporation (CNAF) (Chicago, IL).

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to the recently issued $400 million 5.5% senior unsecured notes due 2033 of CNA Financial Corporation (CNAF) (Chicago, IL).
  • The outlook assigned to the Credit Rating (rating) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of CNA Financial Corporation and Its Subsidiaries

Retrieved on: 
Thursday, August 4, 2022
Insurance, Professional Services, Credit, FSR, CNA Financial, ERM, Industry, NYSE, Good, AM, ALL, CNA, Pressure, GAAP, AM Best, News, Insurance, Loews Corporation, Long-Term Capital Management, CNAF, Risk management, Security (finance)

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of the property/casualty (P/C) subsidiaries of CNA Financial Corporation (CNAF) [NYSE: CNA], collectively known as CNA Insurance Companies (CNA).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of the property/casualty (P/C) subsidiaries of CNA Financial Corporation (CNAF) [NYSE: CNA], collectively known as CNA Insurance Companies (CNA).
  • Concurrently, AM Best has affirmed the Long-Term ICR of bbb+ (Good) and all existing Long-Term Issue Credit Ratings (Long-Term IR) of CNAF.
  • The ratings also acknowledge the historical financial support provided by CNAs diversified 89.6%-shareholder ultimate parent, Loews Corporation.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .