Moody's Investors Service has assigned a Baa3 senior debt rating to the $100 million, 30-year senior unsecured debentures issued by American Financial Group, Inc. [NYSE: AFG]. Proceeds from the issuance are expected to be used to redeem approximately $95.5 million of the company's outstanding trust preferred securities that mature in October 2026. In the same action, Moody's affirmed the A3 insurance financial strength ratings of the property and casualty (P&C) members of the Great American Insurance Group as well as the A3 insurance financial strength of the group's affiliated life and annuit...
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