Fitch has assigned Aviva Group's £1bn direct capital instrument (DCI) issue a final rating of ‘A-'.
The DCI was issued by Aviva in two tranches, one in euro and the other in sterling.
The sterling issues was worth £500m and is callable from 2014, while the euro issue is for €700m and is callable from 2020.
The proceeds of the issue, Aviva said, will be used to repay senior debt resulting in a reduction of adjusted leverage.
