A.M. Best Assigns Debt Rating to Kemper Corporation’s Newly Issued Senior Notes
A.M. Best has assigned a debt rating of “bbb-” to the recently issued $250.0 million 4.350% 10-year senior unsecured notes of Kemper Corporation (Kemper) (Chicago, IL) [NYSE: KMPR]. The outlook assigned is stable.
Kemper intends to use the net proceeds to fund the upcoming $250.0 million debt maturity in November 2015. The company’s financial leverage and coverage measures remain within A.M. Best’s guidelines for the assigned rating.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
Key insurance criteria reports utilized:
o Risk Management and the Rating Process for Insurance Companies
o Insurance Holding Company and Debt Ratings
This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best’s Ratings & Criteria Center.
A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright (c) 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
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