Moody’s changes Converium rating outlook
Moody's Investors Service has announced that it has assigned a negative outlook to the Baa1 insurance financial strength rating (IFSR) of Converium AG and the Baa1 IFSR of Converium, as well as to the 8.25% subordinated notes due 2032 issued by Converium Finance SA and guaranteed by Converium.
Moody's said that its rating action was taken following the company’s earnings announcement and as a result of the increased likelihood that Converium will take longer than expected to return toOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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