Fitch Rates Arch Capital Subsidiary's Senior Notes 'A-'
CHICAGO–(BUSINESS WIRE)–Fitch Ratings has assigned an ‘A-‘ rating to Arch Capital Finance LLC’s (ACF) issuance of $500 million 4.011% senior notes due 2026 and $450 million 5.031% senior notes due 2046. The Ratings have been placed on Negative Watch. ACF is a wholly owned subsidiary of Arch Capital Group, Ltd. (ACGL), and ACGL has fully and unconditionally guaranteed the notes on a senior unsecured basis. KEY RATING DRIVERS The new issuance is rated equivalent to ACGL’s existing senior notes.