AM Best Assigns Credit Rating to Equitable Holdings' Notes

AM Best has awarded a Long-Term Issue Credit Rating of “bbb-” (Good) to Equitable Holdings, Inc. for their $500 million junior subordinated notes due in 2055. This rating comes with a stable outlook and reflects the company's solid financial leverage and interest coverage ratios. Proceeds from the debt issuance are intended for repurchasing preferred shares and general corporate purposes.

In conjunction with this rating, AM Best reaffirmed the Long-Term Issuer Credit Rating of “bbb+” for Equitable Holdings and the Financial Strength Ratings of A (Excellent) for its insurance operations under Equitable Financial Life Insurance Company of America and Equitable Financial Life Insurance Company. These ratings are indicative of the strong financial position and operational resilience of the Equitable Life companies.

AM Best highlights its role as a global credit rating agency specializing in the insurance industry, providing crucial credit ratings and analyses that assist investors and stakeholders in their decision-making processes regarding the insurance market. The firm operates internationally, with various regional offices worldwide.