A.M. Best Assigns Rating to Subordinated Notes Issued by Allianz SE Business Wire LONDON -- December 13, 2012 A.M. Best Europe – Rating Services Limited has assigned a debt rating of “a+” to the undated USD 1 billion junior subordinated notes issued by Allianz SE (Germany). The assigned outlook is stable. The subordinated notes will pay a fixed annual coupon of 5.5%. The proceeds of the issue are to be used by Allianz SE for general corporate purposes and to replace the debt maturing in November 2012. Financial and debt leverage ratios remain within A.M. Best’s tolerance levels for the ratings. Concurrently, A.M. Best has withdrawn the debt rating of “aa-” on the EUR 900 million 5.625% senior unsecured notes issued by Allianz Finance II B.V. and guaranteed by Allianz SE as the debt matured in November 2012. The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Key criteria utilised include “Insurance Holding Company and Debt Ratings”. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology. In accordance with Regulation (EC) No. 1060/2009, the following is a link to required disclosures: A.M. Best Europe - Rating Services Limited Supplementary Disclosure. A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best Company. Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com. Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS RESERVED. Contact: A.M. Best Co. Charlotte Vigier, +(44) 20-7397-0270 Senior Financial Analyst email@example.com or Sam Dobbyn, +(44) 20-7397-0264 Associate Director firstname.lastname@example.org or Rachelle Morrow, +(1) 908-439-2200, ext. 5378 Senior Manager, Public Relations email@example.com or Jim Peavy, +(1) 908-439-2200, ext. 5644 Assistant Vice President, Public Relations firstname.lastname@example.org
A.M. Best Assigns Rating to Subordinated Notes Issued by Allianz SE
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