S&P downgrades Gothaer Re
Standard & Poor's Ratings Services (S&P) has lowered its counterparty credit and financial strength ratings on Germany-based reinsurer Gothaer Rückversicherung AG (Gothaer Re) from 'A-' (strong) to 'BBB' (good).
S&P also said that it had placed these ratings on CreditWatch with developing implications.“This rating action follows the decision by the Gothaer Group to close Gothaer Re to new business
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