Fitch rates American National notes BBB

Fitch Ratings said it rated American National Group, Inc.'s $500 million of 6.14% senior unsecured notes BBB.

“The notes have been assigned a rating one notch below American National's (BBB+/stable) long-term issuer default rating, which reflects standard notching as described in Fitch's insurance rating criteria,” the agency said in a press release.

The rating is in line with the expected rating assigned on June 8, Fitch said.

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