AM Best comments on Munich Re announcement
AM Best has announced that the financial strength rating of A+ (Superior) (with a stable outlook) and the issuer credit rating of “aa” (with a negative outlook) of Munich Re remains unaffected following the company’s revised earnings forecast for 2004 (to between €1.7bn and €1.9bn, rather than between €1.8bn and €2bn).
Munich Re’s consolidated earnings remain within a range supporting the current rating levels after factoring the announced expected decline in year-end results from the €2.5bn ($3.2bn) pre-tax specialOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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