Kiln assigned stable rating for $35m debt issue
A.M. Best has assigned a “bbb” rating to the $35m floating rate subordinated bonds, issued by Lloyd's managing agent, Kiln. The rating outlook is stable.
The proceeds of this issue will be used to increase Kiln’s participation on Lloyd’s Syndicate 510 and to fund the Kiln group’s increased funds at Lloyd’s (FAL) requirements for the 2007 year of
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