Insurance Giant’s Ratings Reflect Strong Financial Position

  • AM Best assigns a Long-Term Issue Credit Rating of ‘aa+’ to MassMutual Global Funding II’s senior secured medium-term notes
  • MassMutual’s leverage and interest coverage ratios meet AM Best’s guidelines for ratings

AM Best has assigned a Long-Term Issue Credit Rating of ‘aa+’ (Superior) to the $500 million, 4.35% senior secured medium-term notes due Sept. 17, 2031 issued by MassMutual Global Funding II (domiciled in Massachusetts). The outlook assigned to the Credit Rating is stable. This press release relates to Credit Ratings published on AM Best’s website. For more information, visit www.ambest.com.

Factuality Level: 10
Factuality Justification: The article is a press release from a credit rating agency providing information about a specific financial instrument’s rating assignment. It contains factual information without any digressions, misleading statements, sensationalism, redundancy, or personal perspective.
Noise Level: 8
Noise Justification: The article is mostly focused on providing specific financial information about a credit rating assignment for a particular company’s bond issue. While it may be relevant to those directly involved or interested in the insurance industry, it lacks broader context and analysis that would make it more accessible or informative for a general audience.
Private Companies: MassMutual Global Funding II
Key People:

Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the assignment of a Long-Term Issue Credit Rating to MassMutual Global Funding II’s senior secured medium-term notes by AM Best, which is a global credit rating agency. This information pertains to financial topics as it relates to credit ratings and insurance industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Deal Size: 500000000
Move Size: No market move size mentioned.
Sector: All
Direction: Neutral
Magnitude: No
Affected Instruments: Bonds

Reported publicly: www.businesswire.com