Moody’s assigns Swiss Re Finance notes A3

Moody’s Investors Service said it assigned an A3(hyb) rating to the S$350 million guaranteed subordinated fixed-rate reset notes due 2035 and callable from 2025 to be issued by Swiss Re Finance (UK) plc and guaranteed by Swiss Re Ltd.

The rating is consistent with Moody’s standard notching for debts issued or guaranteed by insurance holding companies domiciled in locations with enhanced regulatory supervision at a group-wide level and is rated three-notches below Swiss Reinsurance Co. Ltd.’s Aa3 insurance financial strength rating, the agency said.

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