LONDON (Standard&Poor's CredirWire) June 8, 2001--Standard&Poor's today assigned its 'A-1+' short-term counterparty credit rating to six companies within the Switzerland-based insurance group Swiss Re Group (Swiss Re). The companies affected by the rating action are European Reinsurance Co. of Zürich (ERZ), Swiss Re Financial Products Corp. (SRFP), Swiss Re America Holding Corporation. (SRAH), Swiss Re GB PLC (SRGB), Swiss Re Treasury (Luxembourg) S.A. (SRTL), and SwissRe Finance (Bermuda) Ltd. (SRFB). At the same time, Standard&Poor's also assigned its triple-'A' long-term counterparty credit rating to SRFP. The outlook is stable. The group parent company Swiss Reinsurance Co. (SRZ; AAA/Stable/A-1+) has provided a guarantee to the six companies in respect of their obligations arising from Swiss
