SBL Holdings, Inc.: Rating Report
On May 11, 2022, DBRS Limited (DBRS Morningstar) assigned an Issuer Rating of BBB (high) to SBL Holdings, Inc., a rating of BBB (high) to its Senior Unsecured Notes, and a rating of BBB (low) to its Non-Cumulative Preferred Shares. DBRS Morningstar also assigned a Financial Strength Rating of “A” to Security Benefit Life Insurance Company, a rating of A (low) to its Surplus Notes, a Financial Strength Rating of “A” to First Security Benefit Life Insurance & Annuity Company of New York, and a rating of “A” to the Funding Agreement-Backed Notes (FABN) issued by Security Benefit Global Funding. The trends on all ratings are Stable.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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