A.M. Best Co. has assigned a debt rating of "bbb" to the $100 million 30-year
senior unsecured notes to be issued by American Financial Group, Inc. (AFG)
[NYSE:AFG] (Cincinnati, OH). The notes are a drawdown of the $600
million shelf registration previously filed by AFG. Concurrently, A.M. Best has
affirmed the ratings on the existing debt and indicative ratings on the
aforementioned shelf. All debt ratings have stable outlooks. The financial
strength ratings of the AFG companies are unaffected.
The net proceeds from this offering will be used to redeem the 9.125% p...
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