A.M. Best Assigns Rating to PartnerRe's Series F Preferred Shares

A.M. Best Assigns Rating to PartnerRe's Series F Preferred Shares

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has assigned a debt rating of "bbb" to the $250 million 5.875% Series F non-cumulative redeemable preferred shares of PartnerRe Ltd. (Hamilton, Bermuda) (NYS: PRE) . The outlook assigned is negative.

The proceeds from the issuance will be used by PartnerRe Ltd. towards the repurchase of its Series C preferred securities. Once the redemption is completed, the overall capital structure of PartnerRe Ltd. will be essentially the same.

The methodology used in determining these ratings is Best's Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best's rating process and contains the different rating criteria employed in the rating process. Best's Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visitwww.ambest.com.

Copyright © 2013 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.

A.M. Best Co.
Greg Reisner
Managing Senior Financial Analyst
908-439-2200, ext. 5224
Peter Dickey
Assistant Vice President
908-439-2200, ext. 5053
Rachelle Morrow
Senior Manager, Public Relations
908-439-2200, ext. 5378
Jim Peavy
Assistant Vice President, Public Relations
908-439-2200, ext. 5644

KEYWORDS:   United States  Bermuda  Europe  North America  Caribbean  New Jersey


The article A.M. Best Assigns Rating to PartnerRe's Series F Preferred Shares originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.