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Swiss Re Corporate Solutions Ltd. Assigned 'AA-' Rating; Outlook Stable Dec 11
Standard & Poors, December 2011
Swiss Re recently restructured and has created Swiss Re Corporate Solutions Ltd. (SRCS Ltd.) as a parent company for its Corporate Solutions business unit. We are assigning our long-term 'AA-' and short-term 'A-1+' financial strength and issuer credit ratings to SRCS Ltd. because we view it as "core" to Swiss Re under our group methodology. The stable outlook is tied to the group outlook. LONDON (Standard & Poor's) Dec. 19, 2011--Standard & Poor's Ratings Services today assigned its long-term 'AA-' and short-term 'A-1+' financial strength and issuer credit ratings to Swiss Re Corporate Solutions Ltd. (SRCS Ltd.). The outlook is stable. SRCS Ltd. is a newly formed subsidiary of Switzerland-based reinsurance company Swiss Reinsurance Co. Ltd. (AA-/Stable/A-1+; Swiss Re). The...
Companies mentioned in this report are: Swiss Re Corporate Solutions 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
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Swiss Re Corporate Solutions Ltd.