S&P announces positive outlook on Munich Re ratings
Standard & Poor's Ratings Services has revised its outlook on Munich Reinsurance and its core operating entities to positive from stable. In addition, the 'A+' counterparty credit and insurer financial strength ratings on Munich Re and related core entities were affirmed.
At the same time, Standard & Poor's revised its outlook on Germany-based intermediate holding company ERGO Versicherungsgruppe to positive from stable and affirmed the 'A-' counterparty credit rating
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