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ING U.S. Inc.'s $500 Million Senior Unsecured Notes Rated 'BBB-'

Published Feb 06, 2013

1140 words — Published Feb 06, 2013

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Abstract:

We are assigning our 'BBB-' senior unsecured debt rating to ING U.S. Inc.'s $500 million senior unsecured notes. The notes will be guaranteed by Lion Connecticut Holdings Inc. (BBB-/Stable/--). TORONTO (Standard&Poor's) Feb. 6, 2013--Standard&Poor's Ratings Services today said it assigned its 'BBB-' senior unsecured debt rating to ING U.S., Inc.'s $500 million senior unsecured notes due 2018. The notes are guaranteed by Lion Connecticut Holdings Inc. (BBB-/Stable/--), a subsidiary and intermediary U.S. holding company of ING U.S. (BBB-/Stable/A-3; formerly ING American Insurance Holdings Inc.). Although the company has an excess debt double leverage position based on our ratings criteria, prospectively we believe that ING U.S. will achieve a debt leverage ratio of less than 20% and

Brief Excerpt:

RESEARCH ING U.S. Inc.'s $500 Million Senior Unsecured Notes Rated '###-' Publication date: 06-Feb-2013 Primary Credit Analyst: Donald H Chu, CFA, Toronto (1) 416-507-2506; donald_chu@standardandpoors.com Secondary Contact: David...

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

Bulletin: Ratings On ING U.S., Inc. And Subsidiaries Unchanged Following IPO Announcement – 2013/05/02 – Free

ING U.S. Inc. Junior Subordinated Debt Rated 'BB' – 2013/05/13 – US$ 150.00

ING U.S. Inc. And Core Subsidiaries Ratings Affirmed Under New Criteria Review – 2013/05/15 – US$ 150.00

Research Update: ING U.S. Inc. And Core Subsidiaries Ratings Affirmed Under New Criteria Review – 2013/05/15 – US$ 225.00

ING U.S. Inc. Senior Unsecured Debt Rated 'BBB-' – 2013/07/24 – US$ 150.00

ING U.S. Inc.'s $850 Million Senior Unsecured Notes Due 2022 Rated 'BBB-' – 2012/07/18 – US$ 150.00

ING U.S. Insurance Subsidiaries Downgraded To 'A+' From 'AA-' Following Review Of ING's Business Strategy – 2009/07/09 – US$ 150.00

Research Update: Ratings On ING U.S. Insurance Subsidiaries Lowered To 'A+' From 'AA-' After Review Of ING's Planned Business Strategy – 2009/07/09 – US$ 225.00

ING America Insurance and Related Entities Ratings Affirmed; Outlook Revised to Negative – 2001/12/13 – US$ 150.00

ING America Insurance Group's `AA+' Rating and Equitable of Iowa Cos' `A+' Rating Affirmed – 1999/03/12 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "ING U.S. Inc.'s $500 Million Senior Unsecured Notes Rated 'BBB-'" Feb 06, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/ING-U-S-Inc-s-500-Million-Senior-Unsecured-Notes-Rated-BBB-1073548>

APA:	S&P Global Ratings’ Credit Research. (). ING U.S. Inc.'s $500 Million Senior Unsecured Notes Rated 'BBB-' Feb 06, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/ING-U-S-Inc-s-500-Million-Senior-Unsecured-Notes-Rated-BBB-1073548>

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