S&P rates Swiss Re Finance notes A

S&P said it assigned an A rating to Swiss Re Finance (Luxembourg) SA’s proposed dollar-denominated guaranteed subordinated perpetual fixed-spread notes.

The notes will be guaranteed by Swiss Reinsurance Co. Ltd.

The rating on the notes is two notches below S&P’s AA- rating on Swiss Reinsurance, reflecting the standard notching for deferrable subordinated debt issues, the agency said.

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