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TELECONFERENCE: Munich Re Core Subsidiaries Downgraded; Thursday Aug. 28, 4PM BST Aug 03 Product Image

TELECONFERENCE: Munich Re Core Subsidiaries Downgraded; Thursday Aug. 28, 4PM BST Aug 03

  • Published: August 2003
  • Standard & Poors

FEATURED COMPANIES

Abstract
LONDON (Standard & Poor's) Aug. 28, 2003--Standard & Poor's Ratings Services said that it will hold a telephone conference call today at 4:00 p.m. BST (5:00 p.m. CET, 11:00 a.m. EST) to discuss yesterday's downgrade of Germany-based Munich Reinsurance Co. and its core subsidiaries to 'A+' from 'AA-'. The downgrade primarily reflects a re-evaluation by Standard & Poor's of reinsurance industry risk, and of Munich Re's position within that industry following the historic relative underperformance in its non-life underwriting profitability. (See the related media release, entitled "Munich Re Core Subsidiaries Ratings Lowered to 'A+'; Outlook Stable", published on Aug. 27, 2003.) To participate in the call, please dial: -- U.K. dial-in number: 0845-146-2002 -- International dial-in number: (44) 1452-569-114 --...

Companies mentioned in this report are: Munich Reinsurance Co.
Action: S&P Event

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Munich Reinsurance Co.

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