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Moody’s assigns Zurich Finance notes A2
Moody’s Investors Service said it today assigned an A2(hyb) rating to the €750 million of guaranteed subordinated fixed-rate reset notes due 2050 and callable from 2030 to be issued by Zurich Finance (Ireland) DAC and guaranteed by Zurich Insurance Co. Ltd.
The rating is based on Zurich Finance Ireland’s (P)A2 euro medium-term note backed subordinated program rating under Zurich’s multi-issuer $18 billion EMTN program.
Proceeds will be used for general corporate purposes.
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