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A.M. Best Assigns Debt Rating to Industrial Alliance Insurance and Financial Services Inc.'s New Preferred Share Offering.

Publication: Wireless News
Publication Date: 12-OCT-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
A.M. Best Co. has assigned a debt rating of "bbb+" to CAD 100 million 6.00 percent non-cumulative preferred shares of Industrial Alliance Insurance and Financial Services Inc. (IA) (Quebec, Quebec) (TSX: IAG).

The assigned outlook is stable.

The preferred shares have been issued under a prospectus supplement to IA's...

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