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. 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.