AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to the new $750 million, 3.05% 30-year senior unsecured notes due June 8, 2051, recently issued by The Travelers Companies, Inc. (Travelers) (headquartered in New York, NY) [NYSE: TRV]. The outlook assigned to this Credit Rating (rating) is stable. All other ratings of Travelers and its subsidiaries are unchanged.

The proceeds from the sale of the notes will be used for general corporate purposes. While Travelers’ financial leverage will increase modestly, it will remain within AM Best’s guidelines to support its current ratings. AM Best views Travelers’ debt-servicing capabilities favorably, with sufficient liquidity to service its debt, a well-laddered debt maturity structure and strong interest coverage.

This press release relates to Credit Ratings that have been published on AM 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 see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Elizabeth Blamble Senior Financial Analyst +1 908 439 2200, ext. 5603 elizabeth.blamble@ambest.com Michael Lagomarsino, CFA, FRM Senior Director +1 908 439 2200, ext. 5810 michael.lagomarsino@ambest.com Christopher Sharkey Manager, Public Relations +1 908 439 2200, ext. 5159 christopher.sharkey@ambest.com Jim Peavy Director, Public Relations +1 908 439 2200, ext. 5644 james.peavy@ambest.com

The Travelers Companies (NYSE:TRV)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more The Travelers Companies Charts.
The Travelers Companies (NYSE:TRV)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more The Travelers Companies Charts.