AM Best Assigns Issue Credit Rating to The Travelers Companies, Inc.’s Forthcoming Senior Unsecured Notes

AM Best has assigned a Long-Term Issue Credit Rating of “a+” to the forthcoming $500 million 4.10% senior unsecured notes due March 4, 2049, to be issued by The Travelers Companies, Inc. (Travelers) (headquartered in New York, NY) [NYSE: TRV]. The outlook assigned to the Credit Rating (rating) is stable.

Proceeds from the sale of the notes will be used to retire Travelers’ existing $500 million 5.90% senior unsecured notes, due June 2, 2019. Travelers’ financial leverage will be unchanged following completion of these refinancing transactions and is expected to remain well within AM Best’s guidelines to support this rating. AM Best anticipates that Travelers’ coverage ratios will remain strong and well-supportive of the current rating.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

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