Moody's Downgrades Munich Re
NU Online News Service, April 4, 3:30 p.m. EST?Moody's Investors Service announced today that it has downgraded its rating for the world's largest reinsurer, Munich Re.
New York-based Moody's said the rating action involves lowering financial strength ratings to "Aa3" from "Aa1" for Munich Reinsurance Company, as well as the group's Hamburg-Mannheimer Versicherungs AG and Victoria Lebensversicherung AG.
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