A.M. Best Co. said it has affirmed the financial strength ratings or FSR of A-(Excellent) and issuer credit ratings or ICR of "a-" of the property/casualty subsidiary and affiliated insurance companies of Kemper Corp. (KMPR: Quote).
A.M. Best also has affirmed the FSRs of A- (Excellent) and ICRs of "a-" of Kemper Corp.'s life/health subsidiaries, collectively referred to as Kemper Life & Health Group, and the separately rated Reserve National Insurance Company.
Concurrently, A.M. Best has affirmed the ICR of "bbb-" and senior debt ratings of "bbb-" on unsecured senior notes and senior unsecured debt, as well as "bb" on preferred stock of Kemper, which is included in its "automatic shelf" that expires November 2, 2013. The outlook for all ratings is stable, except for the ratings of Reserve National, which are negative.
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by RTT Staff Writer
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