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RGA Reinsurance Co. of Australia Ltd. Rated 'AA-'; Outlook Stable Nov 11
Standard & Poors, November 2011
Life reinsurer RGA Reinsurance Co. of Australia Ltd.(RGA Australia) is a core member of the RGA Reinsurance Group. RGA Australia benefits from strong superannuation-driven growth in the Australian life insurance market, significant market share and distribution, and robust reinsurance arrangements. We are assigning insurer financial strength and long-term issuer credit ratings of 'AA-' to RGA Australia, equalizing it with that of its RGA Reinsurance group. The outlook is stable. MELBOURNE (Standard & Poor's) Nov. 22, 2011-- Standard & Poor's Ratings Services said today that it had assigned it 'AA-' long-term counterparty credit rating to life reinsurer RGA Reinsurance Co. of Australia Ltd. The outlook is stable. The rating on Australian life reinsurer RGA Reinsurance Co. of Australia Ltd. (RGA Australia)...
Companies mentioned in this report are: RGA Reinsurance Co. of Australia Ltd.
Action: New Rating
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
RGA Reinsurance Co. of Australia Ltd.