S&P lowers Converium subsidiary rating
Standard & Poor's (S&P) has lowered its long-term counterparty credit and insurer financial strength ratings on US-based reinsurer Converium Reinsurance (North America) (CRNA) from A- to BB+.
The ratings on Switzerland-based reinsurer Converium and its main operating subsidiaries - including CRNA - remain on CreditWatch with negative implications, where they were placed on 20 July, 2004."T
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