Rating agencies downgrade RenRe
Moody's Investors Service has lowered the senior debt rating on RenaissanceRe Holdings to Baa1 from A3 and the insurance financial strength rating of Renaissance Reinsurance to A2 from A1.
Moody's also downgraded the rating of the capital securities issued by Renaissance Re Capital Trust to Baa2 from Baa1. These rating actions conclude a review initiated on July 27, 2005 and reiteratedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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