A.M. Best Assigns Issue Credit Rating to Voya Financial Inc.’s New Preferred Stock

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a Long-Term Issue Credit Rating of “bbb-” to the $325 million 6.125% non-cumulative preferred stock to be issued by Voya Financial Inc. (Voya) (headquartered in New York, NY) [NYSE: VOYA] on Sept. 12, 2018. The outlook assigned to this Credit Rating (rating) is stable. The existing ratings of Voya and its subsidiaries remain unchanged. The proceeds from the offering will be utilized for general corporate purposes, including the funding of a