Ratings agencies give steady response to Aspen sale
Moody’s and S&P declare no change while AM Best begins a review.
Credit ratings agencies have issued a measured response to Apollo Global Management’s $2.6bn cash deal for Aspen Insurance Holdings.
The takeover of the whole company by the private equity firm is subject to regulatory and shareholder approval but has been backed by Aspen’s board and is expected to complete in the first half of 2019.
Both Moody’s and S&P declared that their views on Aspen remain unchanged while AM Best announced a review.
Moody’s affirmed the A2 insurance financial strength
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