Standard & Poor upgrades Swiss Re to AA-
Standard & Poor has upgraded Swiss Re from A+ to AA- following the firm success in derisking its asset portfolio, convertible perpetual capital instrument with Berkshire Hathaway and stabilised its net income.
S&P also found Swiss Re maintained its significantly redundant “AAA” capital position.
The stable outlook reflects S&P's expectations that Swiss Re will maintain its “very strong competitive position
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