Moody's Lowers Outlook for Swiss Re
NU Online News Service, April 8, 1:48 p.m. EST?Moody's Investors Service announced today that it has lowered the outlook for its"Aa1″ insurance financial strength rating on Swiss Reinsurance Company and subsidiaries to "negative" from "stable."
For its outlook change, the New York-based rating agency cited three main factors: the negative trend in the company's profitability; the falling capital position; and a worry that Swiss Re's strong market position would not guarantee superior operating performance.
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