Swiss Re rights issue unlikely in 2009
It is unlikely that troubled Swiss reinsurer Swiss Re may raise money in a rights issue unless it absorbs over 9bn CHF of asset losses in 2009, said analysts at Deutsche Bank.
Swiss Re were hit by a ratings downgrade by AM Best on Friday after writing off billions of Swiss Francs worth of assets in 2008. It was recently downgraded by Standard & Poors.
"We estimate that Swiss
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