Moody’s rates CNA’s senior notes Baa2; outlook stable
Moody's Investors Service, ("Moody's") has assigned a Baa2 rating to $500 million of 10-year senior notes to be issued by CNA Financial Corporation off its multi-purpose shelf registration. The company intends to use the net proceeds from the offering to repay $400 million of senior notes that matur...CNA Financial is an insurance holding company. The company's property and casualty and remaining life and group insurance operations are primarily conducted by its subsidiaries. The company's insurance products primarily include commercial property and casualty coverages, including surety. The company's services include warranty, risk management information services and claims administration. The company's commercial property and casualty underwriting operations in the United States consists of field underwriting locations and centralized processing operations which handle policy processing, billing and collection activities and also act as call centers to support service.
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Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
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