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Prospect News home > News index > List of issuers Z > Headlines for Zurich Finance (Ireland) DAC > News item |
S&P rates Zurich notes A+
S&P said it rated the British-pound-denominated, dated, junior subordinated notes issued by Zurich Finance (Ireland) DAC, A+. Zurich Insurance Co. Ltd. guarantees the notes.
The rating is two notches under Zurich Insurance’s AA issuer rating. The agency said it subtracts a notch for subordination and another to reflect the payment risk from the mandatory and optional coupon deferral features.
The proceeds are expected to be used for general corporate purposes.
The outlook is stable.
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