Am best assigns issue credit rating to globe life inc.'s new junior subordinated notes

Oldwick, n.j.--(business wire)-- #insurance--am best has assigned a long-term issue credit rating of “bbb-” (good) to the newly issued $325 million 4.25% junior subordinated debentures, due june 15, 2061, of globe life inc. (globe life) (headquartered in mckinney, tx) [nyse: gl]. the outlook assigned to this credit rating (rating) is stable. the existing ratings of globe life and its insurance subsidiaries remain unchanged. globe life's financial leverage and interest coverage ratios remain within am best's
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