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Fitch downgrades Munich Re

Fitch Ratings has downgraded Munich Reinsurance Company's Insurer Financial Strength (IFS) and Long term ratings to 'AA-' (AA minus) from 'AA'.

At the same time, Fitch has also downgraded other ratings within the Munich Re group; a full list of rating actions is shown below. Following these rating actions, the outlook on all group IFS and

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