Swiss Re upgraded to 'AA-'
Standard & Poor's Ratings has raised its long-term counterparty credit and insurer financial strength ratings on Swiss Re and its core subsidiaries to 'AA-' from 'A+'. The outlook on all of these entities is stable.
Since it was last rated, Swiss Re has successfully de-risked its asset portfolio and repaid the convertible perpetual capital instrument with Berkshire Hathaway, according to S&P.
This coupled with
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