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Fitch Upgrades Swiss Re to IFS 'AA-'; Outlook Stable

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LONDON--(BUSINESS WIRE)--Fitch Ratings has upgraded Swiss Reinsurance Company Limited's (Swiss Re) Insurer Financial Strength (IFS) rating to 'AA-' from 'A+' and affirmed its Long-term Issuer Default Rating (IDR) at 'A+'. These actions also apply to the ratings of core operating subsidiaries. The Outlooks are Stable. Fitch has simultaneously affirmed Swiss Re's senior and subordinated notes. A full rating breakdown is available at the end of this commentary. The ratings reflect Fitch's recently

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