Chubb INA Holdings Inc. Senior Unsecured Notes Rated 'A'

HIGHTSTOWN (S&P Global Ratings) June 13, 2019--S&P Global Ratings said today that it has assigned its 'A' debt rating to U.S.-based intermediary holding company Chubb INA Holdings Inc.'s (Chubb INA) issuance of €575 million of 0.875% senior unsecured notes due 2027 and €575 million of 1.40% senior unsecured notes due 2031. The senior notes are each fully and unconditionally guaranteed by Switzerland-based ultimate parent Chubb Ltd. (Chubb). Chubb intends to use the net proceeds from this offering plus available cash to repay at maturity the $1.3 billion principal amount of its 2.300% senior notes due Nov. 3, 2020. We expect Chubb to maintain financial leverage between 20% and 22% and EBITDA fixed-charge coverage of 8x-10x in 2019 and 2020. General

...June 13, 2019 HIGHTSTOWN (S&P Global Ratings) June 13, 2019--S&P Global Ratings said today that it has assigned its 'A' debt rating to U.S.-based intermediary holding company Chubb INA Holdings Inc.'s (Chubb INA) issuance of 575 million of 0.875% senior unsecured notes due 2027 and 575 million of 1.40% senior unsecured notes due 2031. The senior notes are each fully and unconditionally guaranteed by Switzerland-based ultimate parent Chubb Ltd. (Chubb). Chubb intends to use the net proceeds from this offering plus available cash to repay at maturity the $1.3 billion principal amount of its 2.300% senior notes due Nov. 3, 2020. We expect Chubb to maintain financial leverage between 20% and 22% and EBITDA fixed-charge coverage of 8x-10x in 2019 and 2020....

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