NEW YORK (Standard&Poor's) Feb. 19, 2015--Standard&Poor's Ratings Services said today that it assigned its 'BBB-' senior debt rating to Kemper Corp.'s (NYSE: KMPR) new offering of $250 million, 10-year senior notes maturing in 2025. Kemper will use the net proceeds of this offering to redeem, repurchase, or otherwise retire at or prior to maturity all of its $250 million, 6% senior notes due Nov. 30, 2015. We do not expect Kemper to contribute the proceeds of the debt issuance prior to the redemption to its operating insurance subsidiaries. Following this transaction but before the redemption of the notes in 2015, we expect the company's financial leverage to increase to more than 35%. However, we also expect
