Moody’s Investors Service in London said today it has downgraded the loss-battered Swiss Reinsurance Company and its subsidiaries yet another notch.

The rating service–which on Feb. 6 had dropped the company from “Aa2″ to “Aa3″ (“Excellent”)–said it has now cut the firm’s insurance financial strength and senior debt ratings from “Aa3″ to “A1″ (“Good”) and assigned a negative outlook. Short-term ratings of “Prime-1″ were affirmed.

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