Moody's Downgrades Munich Re

NU Online News Service, April 4, 3:30 p.m.EST?Moody's Investors Service announced today that it hasdowngraded its rating for the world's largest reinsurer, MunichRe.

New York-based Moody's said the rating action involves loweringfinancial strength ratings to "Aa3" from "Aa1" for MunichReinsurance Company, as well as the group's Hamburg-MannheimerVersicherungs AG and Victoria Lebensversicherung AG.

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