We are assigning 'A' ratings to Swiss Re Ltd., a nonoperating holding company of Swiss Re group; this is two notches below the 'AA-' ratings on the group's core operating entities. We are assigning 'BBB+' ratings to subordinated loan notes to be issued by Swiss Re Ltd. The stable outlook on Swiss Re Ltd. reflects that on the Swiss Re group. LONDON (Standard&Poor's) Oct. 30, 2015--Standard&Poor's Ratings Services today assigned its 'A' long-term local and foreign currency issuer credit ratings to Swiss Re Ltd. (SRL) a nonoperating holding company of the Swiss-based reinsurer Swiss Re group (Swiss Re; core operating entities rated AA-/Stable/A-1+). The outlook on SRL is stable. At the same time, we assigned our