Business Wire

Fitch Rates The Chubb Corporation's Senior Notes 'A+'; Affirms IDR at 'AA-'.

Business Wire | May 8, 2007 | Copyright

CHICAGO -- Fitch Ratings assigns an 'A+' rating to The Chubb Corporation's (NYSE: CB) (Chubb) $800 million issue of 6.0 senior notes due May, 8 2037. Proceeds of the offering will be used primarily to refinance $675 million of debt maturing later this year.

In addition, Fitch affirms the ratings on Chubb, including the Issuer Default Rating (IDR) at 'AA-' and the ratings of all senior unsecured debt ratings at 'A+'. A full rating list is shown below. The Rating Outlook is Stable.

Chubb's pro forma financial leverage considering this new securities issuance and…

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Fitch Rates The Chubb Corporation's Senior Notes 'A+'; Affirms IDR at 'AA-'.
Business Wire ...assigns an 'A+' rating...following senior note issuances of The Chubb Corporation's (NYSE...senior notes due May 15...addition, Fitch affirms the ratings on Chubb, including...Rating (IDR) at 'AA-' and the ratings of all senior ...
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