S&PCORRECT:Munich Reinsurance Co. Ratings Affirmed; American Reinsurance Co Ratings Raised Dec 96
- ID: 2091967
- December 1996
- Region: United States
- Standard & Poors
LONDON -- Standard & Poor's CreditWire 12/12/96 -- Standard & Poor's today has affirmed its triple-`A' claims-paying ability rating of Munich Reinsurance Co. ( Munich Re) and its Australian subsidiary Munich Reinsurance Co. of Australia Ltd. At the same time, Standard & Poor's has raised its claims-paying ability rating of American Re-Insurance Co. (Am Re) and its affiliate American Alternative Insurance Corp. (AAIC) to triple-`A' from double-`A'. (In Tuesday's release, American Re-Insurance Co. was incorrectly referred to as American Re-Insurance Corp.) Standard & Poor's has raised its subordinated debt rating of Am Re's and AAIC's parent, American Re Corp. (ARC) to double-`A'-minus from single- `A'-minus. The preferred stock rating of American Re Capital has been raised to double-`A'-minus from triple-`B'-plus....
Companies mentioned in this report are: Munich Re America Corp.,Munich Reinsurance Co.,American Re Capital
Action: New Rating
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Research type: News
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Munich Re America Corp.,Munich Reinsurance Co.,American Re Capital