A.M. Best has assigned indicative issue ratings of “a-” to senior
unsecured debt, “bbb+” to subordinated debt and “bbb” to preferred stock
of the recently filed shelf registration of Intact Financial
Corporation (IFC) (TSX:IFC) (Toronto, Ontario,
Canada). The outlook assigned to all ratings is stable.
The assigned issue ratings, which may be issued under the $5 billion
shelf registration statement and the $1.2 billion medium term note
program which is included within the base shelf itself, are consistent
with the current issue ratings of IFC’s outstanding securities. The new
shelf registration replaces IFC’s previous shelf registration filed in
August 2013, which has expired. Consequently, the indicative ratings for
the previous shelf registration have been withdrawn.
IFC’s issuer credit rating of “a-”, its existing issue ratings and the
ratings of its insurance operating entities are all unchanged.
This press release relates to rating(s) 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 visit A.M. Best’s Ratings
& Criteria Center.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS
RESERVED.
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