London -- Standard&Poor's CreditWire 6/19/98 – Standard&Poor's today assigned its double-'A'-plus rating to guaranteed senior debt issues under Zurich Insurance group's recently announced US$2 billion Euro medium term note program. The guarantee is provided by Zurich Insurance Co. (double-'A'-plus/Watch Neg/--) in favor of the issuers: Zurich Finance (Bermuda) Ltd. and Zurich Finance (USA), Inc. Standard&Poor's today also assigned its double-'A'-plus rating to the first drawings under the program (US$300 million with a 6% coupon maturing in five years and SFr300 million with a 3.5% coupon maturing in 10 years), issued by Zurich Finance (USA) Inc. These will be used primarily to refinance existing Zurich group company debt. The debt issues have been placed on
