Bermuda-based Aspen Insurance Holdings Ltd. announced its perpetual preferred shares offering. We are assigning our 'BBB-' issue rating to the share issuance. We expect to classify the issuance as having intermediate equity content. LONDON (S&P Global Ratings) Sept. 14, 2016--S&P Global Ratings said today that it has assigned its 'BBB-' debt rating to Aspen Insurance Holdings Ltd.'s (Aspen; BBB+/Stable/--) perpetual preferred share issuance. The issuance will have a fixed rate and is redeemable after 10 years. The ratings are subject to confirmation of the final terms and conditions of the issue. The ratings reflect our standard notching for subordinated debt issues, which in this instance is two notches below the long-term counterparty credit rating on the issuer. We have analyzed
