Best Assigns ‘aa’ Rating to Swiss Re Senior Notes
A.M. Best Co. announced that it has assigned a rating of “aa” to the forthcoming Sw.Fr. 300 million ($235 million) senior notes to be issued by Swiss Re Treasury (US) Corporation and guaranteed by Swiss Reinsurance Company (Swiss Re) with a stable outlook.
“The bond will be issued under Swiss Re’s European Medium Term Programme (EMTN), and the proceeds will be utilised for Swiss Re Capital Markets & Advisory’s (CMA) funded business activities,” said Best.
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