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Stock impact report

AM Best Assigns Issue Credit Ratings to Aflac Incorporated’s Senior Unsecured Notes

AFLAC Incorporated (AFL) 
Last aflac incorporated earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.aflac.com
Company Research Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of “a-” to the new yen-denominated senior unsecured notes of Aflac Incorporated (Aflac) (Columbus, GA) [NYSE: AFL], which total JPY 57.0 billion (USD 541.0 million as of March 6, 2020). The offering consists of JPY 12.4 billion of 0.3% senior unsecured notes due 2025; JPY 13.3 billion of 0.55% senior unsecured notes due 2030; JPY 20.7 billion of 0.75% senior unsecured notes due 2032; and JPY 10.6 billion of 0.83% senior unsecured notes due 2035.In addition, AM Best has assigned a Long-Term IR of “a-” to the USD 1.0 billion 3.6% senior unsecured notes due 2030 also issued by Aflac. The outlook assigned to these Long-Term IRs is stable. Aflac’s existing Long-Term Issuer Credit Ratings remain unchanged.The use of the proceeds is for general corporate purposes. AM Best believes these issuances also serve to bolster Aflac’s capital structure and liquidity profile, given there are no immed Show less Read more
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