Moody's downgrades Scor
Rating agency Moody's Investors Services has downgraded troubled French reinsurer Scor's insurance financial strength rating from Baa2 (adequate) to Baa3 (adequate), with a developing outlook.
Moody's said that the downgrade followed a review of the company's position after Scor's announcement that it made a €349m loss in the first nine months of 2003. The rating agency felt that Scor'sOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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