Bulletin: Aspen Insurance Holdings Ltd.'s Planned IPO Has No Immediate Impact On Ratings - S&P Global Ratings’ Credit Research

Bulletin: Aspen Insurance Holdings Ltd.'s Planned IPO Has No Immediate Impact On Ratings

Bulletin: Aspen Insurance Holdings Ltd.'s Planned IPO Has No Immediate Impact On Ratings - S&P Global Ratings’ Credit Research
Bulletin: Aspen Insurance Holdings Ltd.'s Planned IPO Has No Immediate Impact On Ratings
Published Dec 13, 2023
2 pages (988 words) — Published Dec 13, 2023
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Abstract:

LONDON (S&P Global Ratings) Dec. 13, 2023--S&P Global Ratings said today that it is currently too early to assess the implications of Aspen Insurance Holdings Ltd.'s planned IPO on the New York Stock Exchange in 2024. We believe the use of the proceeds from the planned IPO could affect our assessment of the group's financial leverage and fixed-charge coverage. Currently, we include in the calculations of these credit metrics the $500 million payment-in-kind notes that Highlands Holdings Bond Co-Issuer Inc. and Highlands Holdings Bond Issuer Ltd. issued in 2020. Over the coming months, we will review, among other things, the amount of the proceeds to be raised from the planned IPO and their use, as well as the group's ownership

  
Brief Excerpt:

...LONDON (S&P Global Ratings) Dec. 13, 2023--S&P Global Ratings said today that it is currently too early to assess the implications of Aspen Insurance Holdings Ltd.'s planned IPO on the New York Stock Exchange in 2024. We believe the use of the proceeds from the planned IPO could affect our assessment of the group's financial leverage and fixed-charge coverage. Currently, we include in the calculations of these credit metrics the $500 million payment-in-kind notes that Highlands Holdings Bond Co-Issuer Inc. and Highlands Holdings Bond Issuer Ltd. issued in 2020. Over the coming months, we will review, among other things, the amount of the proceeds to be raised from the planned IPO and their use, as well as the group's ownership and governance, strategy, and financial policy post-IPO....

  
Report Type:

Bulletin

Ticker
AHL
Issuer
Aspen Insurance Holdings Ltd.
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers
Country
Bermuda
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Aspen Insurance Holdings Ltd.'s Planned IPO Has No Immediate Impact On Ratings" Dec 13, 2023. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Aspen-Insurance-Holdings-Ltd-s-Planned-IPO-Has-No-Immediate-Impact-On-Ratings-3102336>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Aspen Insurance Holdings Ltd.'s Planned IPO Has No Immediate Impact On Ratings Dec 13, 2023. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Aspen-Insurance-Holdings-Ltd-s-Planned-IPO-Has-No-Immediate-Impact-On-Ratings-3102336>
  
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