Fitch affirms Swiss Re

Fitch Ratings said it affirmed Swiss Reinsurance Co. Ltd.'s long-term issuer default rating at A+.

Fitch also affirmed the ultimate holding company Swiss Re Ltd.'s issuer default rating at A.

The outlooks are stable.

Fitch has affirmed Swiss Re's existing senior and subordinated debt instruments.

“The affirmation reflects the continuously strong franchise of Swiss Re, its most favourable business profile within the global reinsurance industry, its consistently strong financial performance and very strong capitalization,” the agency said in a news release.

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