Moody's Upgrade Possible For Hannover Re
NU Online News Service, Dec. 15, 3:32 p.m. EST?The London office of Moody's Investors Service said yesterday that it had placed the Baa1 financial strength ratings of members of the Hannover Re Group on review for possible upgrade to A3.[@@]
Should the upgrade of the German reinsurer take place, it would mark the second recent upward rating change from Moody's for a large reinsurer. Last week, Moody's announced that it was upping Paris-based SCOR's financial strength rating to Baa2 from Baa3.
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