On May 8, 2008, Standard&Poor's Ratings Services assigned it's 'A-' rating to Travelers Cos. Inc.'s (NYSE:TRV; A-/Stable/A-2) $500 million senior notes maturing in 2018. The company intends to use the proceeds for general corporate purposes. Leverage and coverage ratios remain strong for the rating level. The company's adjusted debt leverage as of March 31, 2008, was 15.8%. Pro forma for these actions, leverage rises to 17.2% versus 16.9% at year-end 2007 and is comfortably within our double leverage criteria. Financial leverage was 20.5% as of March 31, 2008, and 21.9% pro forma for this issue. Interest coverage and fixed-charge coverage were very strong at 15.2x and 15.0x, respectively, in 2007. These leverage and coverage measures are not expected
