AM Best Removes From Under Review and Upgrades Issue Credit Ratings on National General Holdings Corp.’s Senior Unsecured Notes After Acquisition by The Allstate Corporation
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with positive implications and upgraded the Long-Term Issue Credit Ratings to “a” from “bbb-” on the two tranches of 6.75% senior unsecured notes totaling $350 million, both due 2024, issued by National General Holdings Corp. (National General) (headquartered in New York, NY). The outlook assigned to the Credit Ratings (ratings) is stable. The Allstate Corporation (Allstate) closed on its acquisition of National General on Ja
AM Best Removes From Under Review and Upgrades Issue Credit Ratings on National General Holdings Corp.’s Senior Unsecured Notes After Acquisition by The Allstate Corporation
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with positive implications and upgraded the Long-Term Issue Credit Ratings to “a” from “bbb-” on the two tranches of 6.75% senior unsecured notes totaling $350 million, both due 2024, issued by National General Holdings Corp. (National General) (headquartered in New York, NY). The outlook assigned to the Credit Ratings (ratings) is stable. The Allstate Corporation (Allstate) closed on its acquisition of National General on Ja