AM Best Assigns Issue Credit Rating to Massachusetts Mutual Life Insurance Company's Surplus Notes.
ENPNewswire-November 23, 2021--AM Best Assigns Issue Credit Rating to Massachusetts Mutual Life Insurance Company's Surplus Notes
(C)2021 ENPublishing - http://www.enpublishing.co.uk
Release date- 22112021 - AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of 'aa-' (Superior) to the $675 million 3.200% surplus notes due Dec. 1, 2061 that were recently issued by Massachusetts Mutual Life Insurance Company (MassMutual) (Springfield, MA).
The outlook assigned to this Credit Rating (rating) is stable. All other Long-Term IRs of MassMutual and its subsidiaries are unchanged.
MassMutual's financial leverage and interest coverage ratios are within AM Best's guidelines for its ratings. The proceeds of the surplus notes will be used for general corporate purposes.
This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating...
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