NU Online News Service, Oct. 28, 1:51 p.m. EST
Swiss Reinsurance Co. Ltd. has regained a credit rating of AA-minus from Standard & Poor's, which says the Zurich-based reinsurer successfully de-risked its asset portfolio.
“Swiss Re has reduced its exposure to market risk substantially by taking a more duration-matched position and keeping its equity exposure at low levels relative to other asset classes,” S&P says. “At the same time, it has maintained very strong liquidity and high levels of cash.”
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