Swiss Re downgraded by Moody's
Moody's Investors Service has downgraded the insurance financial strength (IFSR) and debt ratings of Swiss Reinsurance Company (Swiss Re) and associated companies. (IFSR and senior debt ratings to Aa3. See debt list below for more details.).
These rating actions follow the recent announcement by Swiss Re that it expects to report a net loss for the full year 2008 of around CHF1bn and a reduction in shareholders' equity by 17-21% compared
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