AM Best has assigned a bbb rating to the forthcoming $200m senior notes due in 2014 to be issued by Bermuda-based Aspen Insurance Holdings Ltd (AHL).
At the same time, AM Best assigned a bbb issuer credit rating to AHL.
The issue matures in 2014 but can be redeemed by AHL at any time. The outlook for both ratings is stable.
The financial strength ratings for the following subsidiaries of AHL remain unaffected and the outlook is stable:
· Aspen Insurance UK Limited, A (excellent)
· Aspen Insurance Limited, A- (excellent)
· Aspen Specialty Insurance Company, A- (excellent)
