AM Best Assigns Issue Credit Rating to Fidelis Insurance Holdings Limited Subordinated Notes
OLDWICK, N.J.--(BUSINESS WIRE)--Jun 16, 2025--
AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of 'bbb-' (Good) to $400 million 7.75% fixed rate subordinated notes, due June 15, 2055 issued by Fidelis Insurance Holdings Limited (Fidelis) (Bermuda). The outlook assigned to this Credit Rating (rating) is stable. The existing ratings of Fidelis and its subsidiaries are unchanged.
The release relates to the previously assigned indicative Long-Term IR of this note which has been withdrawn. Fidelis intends to use proceeds of this issue to repay outstanding preference shares, while the remainder will be used for general corporate purposes.
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'sRecent Rating Activityweb page. For additional information regarding the use and limitations of Credit Rating opinions, please viewGuide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please viewGuide to Proper Use of Best's Ratings & Assessments.Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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KEYWORD: EUROPE UNITED STATES NORTH AMERICA NEW JERSEY
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE
SOURCE: AM Best
Copyright Business Wire 2025.
PUB: 06/16/2025 10:25 AM/DISC: 06/16/2025 10:23 AM
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