|[April 28, 2014]
Fitch Plans to Withdraw United Services Automobile Association & Insurance Subs Ratings
CHICAGO --(Business Wire)--
Fitch Ratings plans to withdraw the ratings of United Services
Automobile Association (USAA) and its insurance subsidiaries on or about
May 28, 2014, for business reasons. Fitch currently rates USAA and its
insurance subsidiaries as follows:
USAA Capital Corp.
--Issuer Default Rating (IDR) 'AAA';
--Short-term IDR and commercial paper 'F1+';
--3.5% $200 million medium-term notes due July 17, 2014 'AA+';
--1.05% $250 million senior unsecured notes due Sept. 30, 2014 'AA+';
--2.288% $250 million senior unsecured notes due Dec. 13, 2016 'AA+'.
Primary insurance companies:
United Services Automobile Association
USAA Casualty Insurance Company
USAA General Indemnity Company
USAA County Mutual Insurance Company
USAA Texas Lloyds Co.
USAA Life Insurance Company
--Insurer Financial Strength 'AAA'.
Fitch reserves the right in its sole discretion to withdraw or maintain
any rating at any time for any reason it deems sufficient. Fitch
believes that ivestors benefit from increased rating coverage by Fitch
and is providing approximately 30 days' notice to the market on the
withdrawal of USAA and its insurance subsidiaries ratings as a courtesy
Fitch's last rating action occurred on Feb. 4, 2014. Fitch affirmed its
ratings on USAA and its insurance subsidiaries.
Additional information is available at 'www.fitchratings.com'.
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
AVAILABLE ON (News - Alert) THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'.
PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS
SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS
OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES
AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF
THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE
RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR
RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY
CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH
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