CNA CNA Financial Corporation

A.M. Best Assigns Issue Credit Rating to CNA Financial Corporation’s Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)--

A.M. Best has assigned a Long-Term Issue Credit Rating of “bbb” to the $500 million 3.450% senior unsecured notes, due Aug. 15, 2027, recently announced by CNA Financial Corporation (CNAF) (headquartered in Chicago, IL) [NYSE: CNA]. The outlook assigned to the Credit Rating (rating) is stable.

The proceeds from the sale of the notes will be used to repay at maturity the $150 million outstanding aggregate principal balance of CNAF’s 6.950% senior notes due Jan. 15, 2018, and to repurchase, redeem, repay or otherwise retire the $350 million outstanding aggregate principal balance of CNAF’s 7.350% senior notes due Nov. 15, 2019. While CNAF’s financial leverage will modestly and temporarily increase immediately following the issuance, it will remain well within A.M. Best’s guidelines to support CNAF’s current ratings. A.M. Best anticipates that CNAF’s adjusted and unadjusted debt-to-total capital ratios will return to levels that approximate current levels once the refinancing transactions are complete. A.M. Best anticipates CNAF’s coverage ratios to modestly improve due to the lower coupon on the new debt and to remain supportive of the current rating.

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

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.

EN
09/08/2017

Underlying

CNACNA Financial Corporation

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on CNA Financial Corporation

Free Trial
CNA CNA Financial C...

CNA Financial Corp: 1 director

A director at CNA Financial Corp sold 18,380 shares at 48.888USD and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...

CNA CNA FINANCIAL CORPORATION
09/05/25 September 5, 2025 1 EN
Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
EUR 42.31
PEP PEPSICO INC.
GPN Global Payments... ... (+22)

Vermilion Booster Shots: Attractive bottom-fishing stocks

For investors looking for bottom-fishing candidates; stocks that are breaking downtrends, exhibiting ascending reaction lows, and showing stabilizing relative strength.

PEP PEPSICO INC.
GPN GLOBAL PAYMENTS INC.
VECO VEECO INSTRUMENTS INC.
RYN RAYONIER INC.
MTH MERITAGE HOMES CORPORATION
LEN LENNAR CORPORATION CLASS A
KWR QUAKER CHEMICAL CORPORATION
JCOM J2 GLOBAL INC.
CCS CENTURY COMMUNITIES INC.
BBY BEST BUY CO. INC.
AEO AMERICAN EAGLE OUTFITTERS INC.
KMR MIRAE
AMWD AMERICAN WOODMARK CORPORATION
CNA CNA FINANCIAL CORPORATION
FI FRANK'S INTERNATIONAL NV
HP HELMERICH & PAYNE INC.
MGM MGM RESORTS INTERNATIONAL
WFT.. WEATHERFORD INTERNATIONAL PLC
FND FLOOR & DECOR HOLDINGS INC. CLASS A
HOG HARLEY-DAVIDSON INC.
ARRY ARRAY TECHNOLOGIES
REYN REYNOLDS CONSUMER PRODUCTS
08/20/25 August 20, 2025 1 EN
Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
EUR 42.31
UNM UNUM GROUP
TRV Travelers Compa... ... (+27)

Vermilion Compass: Weekly Equity Strategy

S&P 500 and Nasdaq 100 Testing Initial Support In last week's 2/25/25 Compass, we discussed our expectation for near-term downside as the S&P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments. We also said it likely means at least another 2-4 weeks of consolidation, and that if the S&P 500 remains below 6100 and 6150 resistances, do not be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers (though we need 5...

UNM UNUM GROUP
TRV TRAVELERS COMPANIES INC.
AFL AFLAC INCORPORATED
PPL PPL CORPORATION
PFG PRINCIPAL FINANCIAL GROUP INC.
NI NISOURCE INC
NFG NATIONAL FUEL GAS COMPANY
MKL MARKEL CORPORATION
MFC. MANULIFE FINANCIAL CORPORATION
EXC EXELON CORPORATION
ERIE ERIE INDEMNITY COMPANY CLASS A
EQT EQT CORPORATION
ED CONSOLIDATED EDISON INC.
CPK CHESAPEAKE UTILITIES CORPORATION
CB CHUBB LIMITED
ALL ALLSTATE CORPORATION
FNF FIDELITY NATIONAL FINANCIAL INC. - FNF GROUP
MET METLIFE INC.
BRK.B BERKSHIRE HATHAWAY INC. CLASS B
SLF SALAFIN
CNA CNA FINANCIAL CORPORATION
UGI UGI CORPORATION
NJR NEW JERSEY RESOURCES CORPORATION
PRU2 PRUDENTIAL PLC
CINF CI GLOBAL INFRASTRUCTURE PRIVATE POOL
EQH EQUITABLE HOLDINGS INC.
CRBG COREBRIDGE FINANCIAL INC.
03/04/25 March 4, 2025 1 EN
EUR 152.32
CNA CNA Financial C...

Moody’s rates CNA’s senior notes Baa2

New York , February 6, 2024 - Moody's Investors Service (Moody's) has assigned a Baa2 rating to $500 million of 10-year senior unsecured notes to be issued by CNA Financial Corporation (CNA) off its multi-purpose shelf registration. The company intends to use the net proceeds from the offering, alon...

CNA CNA FINANCIAL CORPORATION
02/07/24 February 7, 2024 1 EN
Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
EUR 42.31
TRV Travelers Compa...
PGR Progressive Cor... ... (+23)

Vermilion Compass: Weekly Equity Strategy

Continue Riding This Bull Market Higher Since early November 2023 we have laid out our bullish expectations for a year-end rally that we anticipated would continue into the early part of 2024. Here we are in the early part of 2024, and we see every reason to continue riding this bull market higher. Small- and Mid-Caps Resuming Uptrends. Looking at the big picture on the small-cap Russell 2000 (IWM) and the Vanguard Extended Market ETF (VXF, the entire U.S. market excluding the S&P 500), (1) th...

TRV TRAVELERS COMPANIES INC.
PGR PROGRESSIVE CORPORATION
MCY MERCURY GENERAL CORPORATION
ERIE ERIE INDEMNITY COMPANY CLASS A
CINF CINCINNATI FINANCIAL CORPORATION
CB CHUBB LIMITED
AXS AXIS CAPITAL HOLDINGS LIMITED
ALL ALLSTATE CORPORATION
FNF FIDELITY NATIONAL FINANCIAL INC. - FNF GROUP
AGO ASSURED GUARANTY LTD.
UFCS UNITED FIRE GROUP INC.
SAFT SAFETY INSURANCE GROUP INC.
BRK.B BERKSHIRE HATHAWAY INC. CLASS B
CNA CNA FINANCIAL CORPORATION
THG HANOVER INSURANCE GROUP INC.
WRB W. R. BERKLEY CORPORATION
AMBC AMBAC FINANCIAL GROUP INC.
KNSL KINSALE CAPITAL GROUP INC.
CNNE CANNAE HOLDINGS
GSHD GOOSEHEAD INSURANCE
KFS KINGSWAY FINANCIAL SERVICES
STC SANGOMA TECHNOLOGIES CORP.
SKWD SKYWARD SPECIALTY INS GROUP INC
01/30/24 January 30, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch