MUMBAI (Thomson Financial) - Fitch Ratings said it affirmed its ratings on
Swiss Reinsurance Company and its subsidiaries, collectively Swiss Re, including
the issuer default and insurance financial strength ratings at 'AA-'.
The outlook on the ratings is stable.
Fitch said the ratings reflect Swiss Re's strong competitive positions and
market shares in a variety of life and non-life re-insurance lines, diverse
sources of revenues and earnings, large absolute earnings and capital base.
The ratings also factor in Swiss Re's earnings and, to a lesser extent, its
capital, which remain exposed to mark-to-market, and ultimately to economic
losses in the company's credit-default swap (CDS) portfolio, Fitch said.
TFN.newsdesk@thomson.com
ssa/ssa
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|