S&P rates Enstar debt BBB-

Standard & Poor’s said it assigned its BBB- long-term issuer credit rating to Enstar Group Ltd. and its preliminary BBB- rating to Enstar’s proposed senior unsecured debt registered under the company’s shelf filing.

The outlook is positive.

“The ratings reflect our view of Enstar’s strong business risk and financial risk profiles based on its strong competitive position and very strong capital and earnings, offset by a high risk profile,” said S&P credit analyst Jason Porter in a news release. “The ratings also reflect the holding company’s structural subordination to its regulated operating subsidiaries.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.