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SCOR Downgraded On Reserve Charge; Scraps Plan To Sell Life Re Biz

The four principal ratings agencies have either downgraded or put the troubled SCOR Group on review as a result of its results announcement where it reported a 349 million euro ($398 million) loss for the nine-month period, a plan to increase reserves by 241 million ($275 million) and embark on a 600 million euro ($684 million) rights issue.

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