S&P downgrades Swiss Re, Fitch maintains watch negative
Standard & Poor's Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Swiss Re and its core entities to 'AA-' from 'AA'. Fellow rating agency Fitch has also maintained its negative stance on the giant pending resolution over the "next few days".
At the same time, Standard & Poor's raised its long-term counterparty credit and insurer financial strength ratings on Employers Reinsurance and GE Reinsurance to 'A+' from 'A', and its long-term
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