Swiss Life Group Aug 11

Standard & Poors, August 2011

Abstract
Please note that the ratings covered by this full analysis apply only to core entities of the Swiss Life group, which are listed below. These ratings do not apply to any noncore or nonrated entities of the group. Ratings assigned to noncore entities of the group are published individually. Strong capitalization. Strong competitive position in the Swiss life insurance market and niche positions in international markets. Concentration on challenging life insurance markets. Still-subdued operating performance. The ratings on Switzerland-based insurance group Swiss Life, which comprises Swiss Life AG, Swiss Life AG, Niederlassung fuer Deutschland, and Swiss Life Holding, reflect Standard & Poor's Ratings Services' view of the group's strong capitalization and competitive position. These strengths are partly offset by business...

Companies mentioned in this report are: Swiss Life AG,Swiss Life AG, Niederlassung fuer Deutschland,Swiss Life Holding
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Swiss Life AG,Swiss Life AG, Niederlassung fuer Deutschland,Swiss Life Holding

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