Fitch Gives Chubb $500M Notes 'A+' Rating

Fitch Ratings has assigned a rating of 'A+' to The Chubb Corporation's (Chubb) offering of $500 million of senior notes. This offering includes $225 million of 3.95% notes due April 1, 2008 and $275 million of 5.20% notes due April 1, 2013. The Rating Outlook for Chubb's debt and long-term ratings has been changed to Negative from Stable. The Rating Outlook for the 'AA' Insurer Financial Strength Rating for Chubb's property/casualty insurance subsidiaries led by Federal Insurance Company remains Stable. The Rating Outlook for Chubb's debt reflects that this planned note issuance increases...