Fitch Puts ERC On Rating Watch

NU Online News Service July 2, 3:21 p.m. EST?Fitch Ratings said it has placed the "AA" long-term issuer rating of GE Global Insurance Holdings, Corp. and the "AAA" insurer financial strength rating of Employers Reinsurance Corp., GE Global's main operating subsidiary, on "Rating Watch Negative."

Fitch said it believes ERC is increasingly being viewed as a strategic rather than core operation of General Electric, ERC's ultimate parent company.

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