S&P rates new Swiss Re securities
Standard & Poor's Ratings Services (S&P) has assigned an AA (very strong) senior unsecured debt rating to approximately €640m of three-year mandatory convertible securities to be issued by Swiss Re Germany AG or by Swiss Re Treasury in July 2004.
The notes are to be unconditionally and irrevocably guaranteed by Swiss Re. The rating on the notes is based on preliminary documentation and subject to review once final documentation is received.S&P
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