Moody's Investors Service cut various ratings of Bermuda-basedXL Capital Ltd yesterday, including the financial strength ratingsof insurance operations to Aa3--pulling those ratings down to thesame level as XL's reinsurance operations.
The financial strength ratings of the insurance operatingsubsidiaries of XL Insurance (Bermuda) Ltd had previously been onenotch higher at Aa2.
Moody's also cut the senior debt rating of the holding companyto A3 from A2.
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