OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a Long-Term Issue Credit Rating of “bbb” to the recently issued USD $500 million floating rate junior subordinated debentures due 2067 of The Hartford Financial Services Group, Inc. (The Hartford) (headquartered in Hartford, CT) [NYSE:HIG]. The outlook assigned to the Credit Rating is stable. Proceeds from the offering will be utilized to retire existing junior subordinated notes of $500 million with a coupon rate of 8.125% on its June 2018
