Moody’s affirms RenRe ratings
Moody's Investors Service has affirmed the A1 insurance financial strength rating of Renaissance Reinsurance and the debt ratings of RenaissanceRe Holdings (senior unsecured at A3, subordinated debt at Baa1, preferred stock at Baa2, including its shelf registrations), RenaissanceRe Capital Trust (capital securities at Baa1) and RenaissanceRe Capital Trust II (capital securities at (P)Baa1), following the company's announcement earlier this week of a restatement of earnings for the years 2001-2003 and for the first three quarters of 2004. The outlook on all of these ratings, however, has been revised to negative, from stable.
According to Moody's, the rating affirmation is based on the view that the earnings restatements do not materially impact the group's overall financial and risk profile, that they are limited to aOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@postonline.co.uk
Most read
- Aviva CEO warns home insurance premiums need to go up
- Integration and restructuring costs push RSA to 2023 loss
- Which urges FCA to take action on premium finance following investigation