Fitch Expects to Rate Liberty Mutual's New Sr. Unsecured Notes 'BBB-(Exp)'

CHICAGO–(BUSINESS WIRE)–Fitch Ratings expects to assign a rating of ‘BBB-(Exp)’ to Liberty Mutual Group, Inc.’s (LMG) EUR750 million issuance of 10-year senior unsecured notes. Proceeds from this new issue will be used for general corporate purposes. KEY RATING DRIVERS This new issue is rated equivalent to the ratings of LMG’s existing senior debt. Financial leverage was approximately 28.3% and GAAP fixed-charge coverage 6.5x at year-end 2015. This issuance, using the current dollar/euro exch
Source: BusinessWire-Primary

Fitch Expects to Rate Liberty Mutual's New Sr. Unsecured Notes 'BBB-(Exp)'