AM Best Assigns Issue Credit Rating to MassMutual Global Funding II’s Senior Secured Medium-Term Notes

OCTOBER 04, 2024 08:25 AM (EDT)

AM Best Assigns Issue Credit Rating to MassMutual Global Funding II's Senior Secured Medium-Term Notes

CONTACTS:

FOR IMMEDIATE RELEASE

OLDWICK - OCTOBER 04, 2024 08:25 AM (EDT)
AM Best has assigned a Long-Term Issue Credit Rating of "aa+" (Superior) to the $500 million, 4.35% senior secured medium-term notes, due Sept. 17, 2031, issued by MassMutual Global Funding II. (domiciled in Massachusetts). The outlook assigned to the Credit Rating (rating) is stable.

MassMutual's leverage and interest coverage ratios are within AM Best's guidelines for its ratings.

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's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide 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 view Guide to Proper Use of Best's Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.