NEW YORK (Standard&Poor's) Nov. 18, 2010--Standard&Poor's Ratings Services said today that it assigned its 'BBB-' senior debt rating to Unitrin Inc.'s proposed $250 million senior unsecured notes issue maturing in 2015. The proposed issuance replaces Unitrin's $200 million, 4.875% senior notes that matured on Nov. 1, 2010, which the company repaid by tapping into its revolving credit facility as well as with cash on its balance sheet. We expect that the company will use the proceeds of the new debt issuance to fully repay its revolving credit facility; to make a capital contribution of about $60 million to its subsidiary, United Insurance Co. of America; and for general corporate purposes. Following this transaction, the company's financial
