• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
S&PCORRECT:Munich Reinsurance Co. Ratings Affirmed; American Reinsurance Co Ratings Raised Dec 96 Product Image

S&PCORRECT:Munich Reinsurance Co. Ratings Affirmed; American Reinsurance Co Ratings Raised Dec 96

  • Published: December 1996
  • Region: United States
  • Standard & Poors

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. READ MORE >

Munich Re America Corp.,Munich Reinsurance Co.,American Re Capital

Note: Product cover images may vary from those shown

RELATED PRODUCTS