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Article: A.M. Best Assigns Rating to Horace Mann Educators' New Senior Notes; Affirms Financial Strength, Issuer Credit and Debt Ratings.
- Article from:
- Business Wire
- Article date:
- April 19, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OLDWICK, N.J. -- A.M. Best Co. has assigned a rating of "bbb-" to the $125 million 6.85% 10-year senior unsecured notes issued by Horace Mann Educators Corporation (HMEC) (NYSE: HMN). Concurrently, A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of "a-" of Horace Mann Insurance Group (Horace Mann) and its property/casualty subsidiaries. Additionally, A.M. Best has affirmed the FSR of A- (Excellent) and ICR of "a-"of HMEC's life/health insurance subsidiary, Horace Mann Life Insurance Company (Horace Mann Life), as well as HMEC's ICR of "bbb-"and the debt ratings on HMEC's outstanding securities. All the above ...