Moody's: Swiss Re at Aaa.br

Moody's Investors Service said it assigned an Aaa.br national scale and Baa2 global local currency insurance financial strength rating to Swiss Re Corporate Solutions Brasil Seguros.

The outlook is stable.

Moody's said the ratings are based primarily on the company's relatively small scale in the Brazilian property/casualty insurance market, on its reasonably good product diversification and its adequate capitalization.

The company's credit profile is also enhanced by reinsurance support and management oversight from its 84% majority owner, Swiss Reinsurance Co. Ltd., the agency said.

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