Arch Capital Group Ltd. -- Moody's rates Arch Capital Finance guaranteed senior notes A3

New York, November 29, 2016 -- Moody's Investors Service, ("Moody's") has assigned an A3 rating (on review for downgrade) to $950 million of senior notes to be issued by Arch Capital Finance LLC, an indirect wholly owned subsidiary of Arch Capital Group Ltd. ("Arch Capital" -- senior at A3/review down). A portion of the notes will mature in 2026, with the remainder maturing in 2046. The notes are fully and unconditionally guaranteed by Arch Capital. Net proceeds from the offering will be used to finance Arch Capital's pending acquisition of United Guaranty Corporation (UGC -- not rated), to pay related costs and expenses, and for anticipated growth in Arch Capital's mortgage and other select businesses. Moody's A1 insurance financial strength ratings on Arch Capital's principal operating subsidiaries are also on review for downgrade.

Vollständigen Artikel bei Moodys lesen