Swiss Re put on Creditwatch negative by S&P after asset writedowns
Standard & Poor's has placed its 'AA-' long-term counterparty credit and insurer financial strength ratings on Zurich-based global reinsurer Swiss Reinsurance Co. (Swiss Re) and its core affiliates on CreditWatch with negative implications.
The CreditWatch placement comes in response to Swiss Re's disclosure that it incurred substantial additional asset write-downs during the fourth quarter of 2008, which will necessitate an increase in
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