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Lincoln National Corp.'s $500 Million Senior Notes Rated 'A-'; Universal Shelf Assigned Preliminary Ratings

Published Jun 24, 2009

About This Report

Abstract:

SAN FRANCISCO (Standard&Poor's) June 24, 2009--Standard&Poor's Ratings Services today said it assigned its 'A-' rating on Lincoln National Corp.'s (LNC) $500 million issuance of senior notes. The notes are due in July 2019, and we expect the company to use the proceeds for general corporate purposes. At the same time, Standard&Poor's assigned its preliminary 'A-' senior unsecured debt, 'BBB+' subordinated debt, and 'BBB-' preferred stock ratings on LNC's new shelf registration. The other ratings on LNC and its insurance operations are unaffected. The outlook remains stable. The $500 million senior note issuance is a part of LNC's approximately $2 billion in new capital from external sources, including up to $650 million in common equity

Report Type:

Ratings Action

Ticker

LNC

Issuer

Lincoln National Corp.

GICS

Life & Health Insurance (40301020)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Lincoln National Corp.'s $300 Million Senior Notes Assigned 'A-' Rating; Other Ratings Affirmed – 2009/12/08 – US$ 150.00

Research Update: Lincoln National Corp.'s $300 Million Senior Notes Rated 'A-'; Other Ratings Affirmed – 2009/12/08 – US$ 225.00

Lincoln National Corp. And Subsidiaries Ratings Affirmed; Rating On Preferred Stock Raised To 'BBB' – 2010/06/14 – US$ 150.00

Research Update: Lincoln National Corp. And Subsidiaries Ratings Affirmed; Preferred Stock Rating Raised To 'BBB' – 2010/06/14 – US$ 225.00

Lincoln National Corp. $300 Million Senior Unsecured Notes Rated 'A-' – 2011/06/23 – US$ 150.00

Outlook On Lincoln National Corp. And Operating Companies Revised To Stable From Negative – 2009/06/15 – US$ 150.00

Research Update: Lincoln National Corp. And Operating Companies Outlook Revised To Stable From Negative – 2009/06/15 – US$ 225.00

Lincoln National Corp. And Operating Subsidiaries Outlook Revised To Negative; Ratings Affirmed – 2009/05/06 – US$ 150.00

Research Update: Lincoln National Corp. And Operating Companies Outlook Revised To Negative; Ratings Affirmed – 2009/05/06 – US$ 225.00

Bulletin: Lincoln National Corp. And Subsidiaries Ratings Unaffected By $500 Million Debt Repayment – 2009/04/07 – Free

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MLA:	S&P Global Ratings’ Credit Research. "Lincoln National Corp.'s $500 Million Senior Notes Rated 'A-'; Universal Shelf Assigned Preliminary Ratings" Jun 24, 2009. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Lincoln-National-Corp-s-500-Million-Senior-Notes-Rated-A-Universal-Shelf-Assigned-Preliminary-Ratings-729698>

APA:	S&P Global Ratings’ Credit Research. (). Lincoln National Corp.'s $500 Million Senior Notes Rated 'A-'; Universal Shelf Assigned Preliminary Ratings Jun 24, 2009. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Lincoln-National-Corp-s-500-Million-Senior-Notes-Rated-A-Universal-Shelf-Assigned-Preliminary-Ratings-729698>

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