02.07.2015 06:08:00
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ACE Capital Trust II -- Moody's affirms debt ratings of ACE Group (ACE INA Holdings backed senior at A3) with stable outlook
Definitive agreement to acquire The Chubb Corporation for $28.3 billion.New York, July 02, 2015 -- Moody's Investors Service has affirmed the A3 senior debt rating of ACE INA Holdings Inc. (ACE INA) -- whose debt is unconditionally guaranteed by the group's parent company ACE Limited (NYSE: ACE) -- with a stable outlook following today's announcement that ACE has agreed to acquire all of the outstanding shares of The Chubb Corporation (NYSE: CB, "Chubb") for approximately $28.3 billion. Moody's also took action on various subsidiaries of the group, as noted below.