OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a Long-Term Issue Credit Rating of “a” to the recently announced $550 million 4.00% senior unsecured notes due 2029 of The Progressive Corporation (Progressive) (Mayfield Village, OH). The outlook assigned to this Credit Rating (rating) is stable. Following this issuance, A.M. Best expects that financial leverage and coverage metrics for Progressive will remain within guidelines for the assigned ratings. Progressive intends to use the proce
