Fitch assigns Markel notes BBB+

Fitch Ratings said it assigned a BBB+ senior unsecured debt rating to Markel Corp.'s new issue of $600 million 3.45% senior notes due May 2052.

“The new senior notes rank equally with MKL's existing senior notes and are, thus, rated equivalently,” Fitch said in a press release.

Markel will use the proceeds to retire $350 million of its 4.9% unsecured senior notes due July 1, 2022 and for general corporate purposes.

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