AM Best Affirms Issuer Credit Rating Of Sompo
AM Best has affirmed the Long-Term Issuer Credit Rating of “a” of Bermuda based Sompo International Holdings Ltd.
A statement from the ratings agency said, “Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings [Long-Term IRs] of “a-” [Excellent], which are guaranteed by SIH. The outlook of these Credit Ratings [ratings] is stable.
“The following Long-Term IRs have been affirmed with stable outlooks: Sompo International Holdings Ltd.— “a-” [Excellent] on $335 million 7% senior unsecured notes, due 2034 [issued by Endurance Specialty Holdings Ltd. and guaranteed by Sompo International Holdings Ltd.] — “a-” [Excellent] on $300 million 4.7% senior unsecured notes, due 2022 [issued by Montpelier Re Holdings Ltd. and guaranteed by Sompo International Holdings Ltd.]“
