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ING U.S. Inc. Senior Unsecured Debt Rated 'BBB-'

Published Jul 24, 2013

965 words — Published Jul 24, 2013

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Abstract:

TORONTO (Standard&Poor's) July 24, 2013--Standard&Poor's Ratings Services said today that it assigned its 'BBB-' senior unsecured debt rating to ING U.S. Inc.'s $400 million senior unsecured notes due 2043. ING U.S. intends to use the proceeds from this transaction for general corporate purposes, which include the repayment of certain borrowings. The company has an excess debt double-leverage position, but we believe ING US will achieve a debt leverage ratio of less than 20% and financial leverage of 25%. Currently ING has a debt leverage ratio of 23% and a financial leverage ratio of 28%. We expect the group to maintain capital and operating earnings consistent with our base-case economic scenario, and to maintain its strong competitive

Brief Excerpt:

RESEARCH ING U.S. Inc. Senior Unsecured Debt Rated '###-' Publication date: 24-Jul-2013 Primary Credit Analyst: Donald H Chu, CFA, Toronto (1) 416-507-2506; donald.chu@standardandpoors.com Secondary Contact: David M Zuber, New York...

Report Type:

Ratings Action

Ticker

2713Z

Issuer

Voya Financial Inc.

GICS

Life & Health Insurance (40301020)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "ING U.S. Inc. Senior Unsecured Debt Rated 'BBB-'" Jul 24, 2013. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/ING-U-S-Inc-Senior-Unsecured-Debt-Rated-BBB-1166626>

APA:	S&P Global Ratings’ Credit Research. (). ING U.S. Inc. Senior Unsecured Debt Rated 'BBB-' Jul 24, 2013. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/ING-U-S-Inc-Senior-Unsecured-Debt-Rated-BBB-1166626>

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