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A.M. Best Assigns Rating to ACE INA Holdings, Inc.’s Senior Notes

May 22, 2014



OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has assigned a debt rating of “a+” to the $700 million 3.35% senior unsecured notes due 2024 that were recently issued by ACE INA Holdings, Inc. (ACE INA) (Delaware), a subsidiary of ACE Limited (ACE) (Zurich, Switzerland) (NYSE: ACE), the guarantor of the notes. The outlook assigned to the rating is stable.

ACE INA intends to use the net proceeds from the offering, plus, if necessary, any available cash to repay at maturity $700 million of senior notes maturing in November 2015. Based on the gross proceeds of $700 million, financial leverage and coverage measures are expected to remain within A.M. Best’s guidelines for the assigned rating. The existing ratings of ACE and its subsidiaries are unchanged.

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.

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 © 2014 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.





A.M. Best Company

Darian Ryan, 908-439-2200, ext. 5449

Senior Financial Analyst

darian.ryan@ambest.com

or

Rachelle Morrow, 908-439-2200, ext. 5378

Senior Manager, Public Relations

rachelle.morrow@ambest.com

or

Michael Lagomarsino, CFA, 908-439-2200, ext. 5810

Assistant Vice President

michael.lagomarsino@ambest.com

or

Jim Peavy, 908-439-2200, ext. 5644

Assistant Vice President, Public Relations

james.peavy@ambest.com


Source: A.M. Best Company


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