Swiss Re Downgraded By S&P

NU Online News Service, July 28, 4:23 p.m. EDT?Standard & Poor's Ratings Services lowered its long-term counterparty credit and insurer financial strength ratings today for Swiss Reinsurance Co. and related core units of the Swiss Re group to "Double-A" from "Double-A-plus".

The outlook for newly downgraded ratings is now "Stable", the New York-based ratings agency said.

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