Printer Friendly

DUFF & PHELPS: AETNA LIFE AND CASUALTY COMPANY SENIOR DEBT RATING REAFFIRMED 'AA'

    CHICAGO, Aug. 5 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has reaffirmed Aetna Life and Casualty Company's (Aetna) 'AA' (Double-A) senior debt rating following the company's completion of a $650 million shelf registration with the SEC.  The company plans to initially issue $300 million in senior debt securities, and the remaining $350 million of the shelf offering will be utilized at a future date.
    Aetna and its subsidiaries constitute the largest shareholder-owned insurance company in the U.S. with $97.4 billion in assets and $7.7 billion in shareholders' equity at June 30, 1993.  The company's debt to total capital ratio at that date was 12.2 percent.  For the first six months of 1993, Aetna reported GAAP net income of $338.7 million on revenues of $8.6 billion, compared with net income of $73.5 million on revenues of $8.8 billion for the first six months of 1992.
    -0-             08/05/93
    CONTACT:  James B. Auden, 312-368-3146, or Timothy A. Bienek, 312-368-3191, both of Duff & Phelps Credit Rating Co.
    (AET) CO:  AETNA LIFE AND CASUALTY COMPANY IN:  INS SU:  RTG ST:  CT


-- NY063 -- X238 08/05/93
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 5, 1993
Words:190
Previous Article:UNITED OF OMAHA INSURANCE COMPANY CLAIMS PAYING ABILITY REAFFIRMED AT 'AA' BY DUFF & PHELPS
Next Article:PROMIS SYSTEMS ANNOUNCES RETURN TO GROWTH TREND DURING SECOND QUARTER
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters