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Article: A.M. Best Assigns Rating to AmerUs Group's Senior Notes; Affirms Financial Strength Rating of Core Subsidiaries.
- Article from:
- Business Wire
- Article date:
- May 22, 2003
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Business Editors
OLDWICK, N.J.--(BUSINESS WIRE)--May 22, 2003
A.M. Best Co. has assigned a "bbb" rating to the $125 million 6.25% senior unsecured notes to be issued by AmerUs Group Co. (NYSE:AMH) (Des Moines, IA) as part of its PRIDES(SM) mandatorily convertible securities offering.
Concurrently, the financial strength rating of A (Excellent) on AmerUs Group's core life insurance subsidiaries has been affirmed. In addition, AmerUs Group's existing debt ratings have been adjusted downward one notch to more precisely reflect the relative degree of risk between policyholders and creditors of the holding company. All ratings have a negative ...