Am best assigns issue credit rating to the progressive corporation's senior unsecured notes

Oldwick, n.j.--(business wire)--am best has assigned a long-term issue credit rating (long-term ir) of “a” (excellent) to the recently announced $500 million of 4.95% senior unsecured notes, due 2033, issued by the progressive corporation (progressive) (mayfield village, oh) [nyse: pgr]. the outlook assigned to this credit rating (rating) is stable. the long-term ir assignment considers the rating profiles of progressive's principal insurance subsidiary units, as well as the parent company's fi.
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