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Research Update: Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt AG Mar 03 Product Image

Research Update: Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt AG Mar 03

  • Published: March 2003
  • Region: Switzerland
  • Standard & Poors

FEATURED COMPANIES

  • Swiss Life AG
  • Swiss Life Holding AG
  • MORE

Abstract
On March 6, 2003, Standard & Poor's Ratings Services placed its 'A' long-term counterparty credit and insurer financial strength ratings on Switzerland-based life insurer Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt AG (Swiss Life) on CreditWatch with negative implications. This followed the group's announcement that it expects to report a bottom-line loss of Swiss franc 1.7 billion ($1.3 billion) for the year ended Dec. 31, 2002, mainly as a result of deepened losses in the group's domestic business, realized capital losses, and significant asset impairments. At the same time, Standard & Poor's placed its 'BBB' long-term counterparty credit rating on Swiss Life Holding and its 'BBB' long-term senior unsecured debt rating on the mandatory convertible securities issued by Swiss Life Cayman Finance...

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
- Swiss Life Cayman Finance Ltd.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth READ MORE >

- 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
- Swiss Life Cayman Finance Ltd.

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