Fitch Ratings has assigned a BBB minus rating to Markel Corporation's re-financing agreements.
The ratings agency assigned the BBB minus rating to the $50m (£32.1m) of ten-year senior notes issued by Markel Corporation.
Fitch said it believes Markel was prudent to arrange it's refinancing in advance of its maturity dates and viewed the move positively.
It added that these attributes offset the temporary increase in financial leverage that results from the issue.
