Article: AM Best assings "bb+" rating to Hanover Insurance Group's debentures.

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ADP Debt News
Article date:
August 17, 2009
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(ADPnews) - Aug 17, 2009 - AM Best gave Friday a "bb+" debt rating to the debentures of US Massachusetts-based Hanover Insurance Group Inc (NYSE: THG), or THG.

The USD 165 million (EUR 117m) series B 8.207% junior subordinated deferrable interest debentures due February 3, 2027 were issued in exchange for the AFC Capital Trust I same debentures.

Simultaneously, the agency withdrew the debt rating of "bb+" on AFC Capital Trust I's USD 309 million aggregate ...

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