Best Rates Arch Capital Debt 'bbb-', Stable Outlook

A.M. Best Co. has assigned indicative ratings of "bbb-" to unsecured senior debt, "bb+" to subordinated debt, and "bb" to preferred stock to Arch Capital Group Ltd.'s (Arch) (Bermuda) [NASDAQ:ACGL] recently filed $500 million universal shelf offering. In addition, A.M. Best has assigned an indicative "bbb-" unsecured senior debt rating to Arch Capital Group (U.S.) Inc. (Delaware) which will be fully guaranteed by Arch. The outlook for the ratings is stable. The shelf offering allows Arch to periodically sell debt securities, common stock, preferred stock and other securities, with net proc...