Printer Friendly

FITCH TO AFFIRM PRIMERICA 'A+' SENIOR DEBT -- FITCH FINANCIAL WIRE --

 NEW YORK, Sept. 22 /PRNewswire/ -- Following the announcement by Primerica Corp. and The Travelers Corp. regarding ongoing merger discussions, Fitch anticipates that if the merger is consummated, Primerica Corp.'s and its subsidiaries' "A+" senior ratings would be affirmed by Fitch.
 The merger proposal under discussion would be financed by an exchange of 0.80423 Primerica shares for each Travelers share. As the transaction would be financed through equity, it is not expected to have a significant impact on financial ratios or debt service coverage.
 The merger would combine both company's strong franchises in insurance, consumer finance, retail brokerage and asset management services providing the combined entity with strong earnings diversity and greater financial flexibility.
 -0- 9/22/93
 /CONTACT: Nancy E. Stroker, CFA, 212-908-0533, or Lygia X. Campbell, 212-908-0695, both of Fitch/
 (PA)


CO: Primerica Corp. ST: New York IN: FIN SU: RTG

TW -- NY073 -- 4812 09/22/93 15:27 EDT
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:Sep 22, 1993
Words:153
Previous Article:TRACOR AEROSPACE NAMED BLUE RIBBON CONTRACTOR
Next Article:DUFF & PHELPS: NORTHERN STATES POWER COMPANY -- WISCONSIN $40 MILLION FIRST MORTGAGE BONDS (SHELF) RATED 'AA'
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters