Moody’s rates Lincoln National's senior unsecured debt Baa2; outlook stable
New York , March 11, 2024 Moody's Ratings ("Moody's") has assigned a Baa2 senior debt rating to approximately $350 million of 10-year fixed-rate senior unsecured notes to be issued by Lincoln National Corporation (Lincoln, NYSE:LNC). The net proceeds from the note issuance will be used to pre-fund ...Lincoln National operates multiple insurance and retirement businesses through its subsidiary companies. The company provides products and services through four segments as follows: Annuities, which provides tax-deferred investment growth and lifetime income opportunities for its clients by providing variable annuities, fixed annuities and indexed variable annuities; Retirement Plan Services, which provides employers with retirement plan products and services, primarily in the defined contribution retirement plan marketplace; Life Insurance, which focuses on the creation and protection of wealth for its clients; and Group Protection, which provides group non-medical insurance products.
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