A.M. Best Assigns Ratings to Senior Debt Issued by Swiss Re
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Wed, 17 Jun 2009 18:59:29 GMT |
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OLDWICK, N.J. - (Business Wire) A.M. Best Co. has assigned debt ratings of “a+” to the CHF 700 million (USD 644 million) 4.25% senior unsecured fixed rate bonds, due 2013 issued by Swiss Reinsurance Company Limited (Swiss Re) (Switzerland). Concurrently, A.M. Best has assigned debt ratings of “a+” to the CHF 300 million (USD 276 million) 2.75% senior unsecured fixed rate bonds, due 2010 issued by Swiss Re Treasury (US) Corporation and guaranteed by Swiss Re. The outlook for both ratings is stable. The notes were issued under Swiss Re’s European Medium-Term Note Programme (EMTN). The proceeds will be utilized for general corporate purposes, including the refinancing of maturing debt. For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.
A.M. Best Co.
Analysts:
Neal Enriquez, CPA, +(1) 908-439-2200, ext. 5323
neal.enriquez@ambest.com
or
Miles Trotter, +(44) 20 7626 6264
miles.trotter@ambest.com
or
Public Relations:
Jim Peavy, +(1) 908-439-2200, ext. 5644
james.peavy@ambest.com
or
Rachelle Morrow, +(1) 908-439-2200, ext. 5378
rachelle.morrow@ambest.com
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