Research Update: Swiss Life, Related Subs Affirmed At 'A-' On Strong Asset-Liability Management; Outlook Stable Oct 06
- ID: 2023788
- October 2006
- Region: Switzerland
- Standard & Poors
On Oct. 25, 2006, Standard & Poor's Ratings Services affirmed its 'A-' long-term counterparty credit and insurer financial strength ratings on Switzerland-based life insurer Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt (Swiss Life) and related operating entities. At the same time, the 'BBB' long-term counterparty credit rating on Swiss Life Holding was affirmed. The outlooks are stable. The ratings reflect Swiss Life's strong asset-liability and risk management practices, strong and increasingly diversified competitive position, and strong and further improved capitalization. Operating performance also continues to improve. Domestic earnings are not yet fully reflective of Swiss Life's market position, however. Further offsetting factors include Swiss Life's dependence on capital market and interest rate development and still unsatisfactory cost efficiency. Major rating factors: Strong...
Companies mentioned in this report are:
- Swiss Life AG
- Soc. Suisse d'Ass. generales sur la Vie Humaine (Swiss Life French Branch)
- Swiss Life AG, Niederlassung fuer Deutschland
- Swiss Life Holding AG
Action: Outlook: Stable
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Product Type: Research Update
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