A.M. Best Assigns Indicative Rating to Perpetual Non-Cumulative Preference Shares to Be Issued by Aspen Insurance Holdings.OLDWICK, N.J. -- A.M. Best Co. has assigned an indicative rating of "bb" to the USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 200 million perpetual non-cumulative preference shares to be issued by Aspen aspen, in botany aspen: see willow. Aspen, city, United States Aspen (ăs`pən), city (1990 pop. 5,049), alt. 7,850 ft (2,390 m), seat of Pitkin co., S central Colo. Insurance Holdings Ltd (Bermuda) (AHL AHL American Hockey League AHL Action Half-Life (Half-Life modification) AHL Acyl Homoserine Lactone AHL Aramark Harrison Lodging AHL Acylated Homoserine Lactone AHL Association for the History of Language AHL Architects Hawaii Ltd ), the non-operating holding company of the Aspen group of companies. The rating outlook is negative, which is in line with the outlook on AHL's issuer credit rating. AHL's financial leverage ratios remain within A.M. Best tolerance levels. The proceeds of this issue are likely to be used to repurchase outstanding ordinary shares. For Best's Debt Ratings, all other Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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