Swiss Re ratings place on review with negative implications by AM Best
AM Best Co. has placed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of ¡°aa-¡± of Swiss Reinsurance Company (Swiss Re) (Switzerland) and its similarly rated subsidiaries under review with negative implications. Concurrently, AM Best has placed all debt issued or guaranteed by Swiss Re and its subsidiaries under review with negative implications.
These rating actions follow Swiss Re¡¯s announcement of disappointing net loss for 2008, including a CHF 4.0-5bn erosion in shareholders¡¯ equity in fourth quarter 2008. The latter resulted fromOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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