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Swiss Re: Fitch lowers prospect of rating to “negative”

Swiss Re’s long-term debt rating has been kept at “A +” and that of financial stability (IFS) at “AA-”.

Credit rating agency Fitch has lowered the prospect of a reinsurer Swiss Re’s debt rating by a notch. The rating changes to “negative” from “stable” previously, it announced on Friday.

Swiss Re’s long-term debt rating has been kept at “A +” and that of financial stability (IFS) at “AA-”.

The Zurich group still enjoys good financial stability, but the latter is deteriorating, said Fitch in a comment.

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