Swiss Re's Proposed Dated Junior Subordinated Callable Fixed-To-Floating-Rate Notes Assigned 'A' Rating - S&P Global Ratings’ Credit Research

Swiss Re's Proposed Dated Junior Subordinated Callable Fixed-To-Floating-Rate Notes Assigned 'A' Rating

Swiss Re's Proposed Dated Junior Subordinated Callable Fixed-To-Floating-Rate Notes Assigned 'A' Rating - S&P Global Ratings’ Credit Research
Swiss Re's Proposed Dated Junior Subordinated Callable Fixed-To-Floating-Rate Notes Assigned 'A' Rating
Published Jul 05, 2012
1372 words — Published Jul 05, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Switzerland-based Swiss Reinsurance Company Ltd. (Swiss Re) has announced its intention to issue €500 million in fixed-to-floating-rate unsecured junior subordinated callable notes due in 2042. We are assigning our 'A' issue rating to the securities and classifying them as having "intermediate equity content" according to our criteria. LONDON (Standard&Poor's) July 5, 2012--Standard&Poor's Ratings Services today assigned its 'A' long-term debt rating to the $500 million dated, unsecured, and junior subordinated notes that global reinsurer Swiss Reinsurance Company Ltd. (Swiss Re; AA-/Stable/A-1+) plans to issue on July 9, 2012. The rating reflects our standard notching for junior subordinated debt issues, which in this instance is two notches below the long-term counterparty credit rating on the issuer. We

  
Brief Excerpt:

RESEARCH Swiss Re's Proposed Dated Junior Subordinated Callable Fixed-To-Floating-Rate Notes Assigned 'A' Rating Publication date: 05-Jul-2012 Primary Credit Analyst: Dennis Sugrue, London (44) 20-7176-7056; dennis_sugrue@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
RUKN@VX
Issuer
Swiss Reinsurance Co. Ltd.
GICS
Reinsurance (40301050)
Sector
Global Issuers, Structured Finance
Country
Switzerland
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Swiss Re's Proposed Dated Junior Subordinated Callable Fixed-To-Floating-Rate Notes Assigned 'A' Rating" Jul 05, 2012. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Swiss-Re-s-Proposed-Dated-Junior-Subordinated-Callable-Fixed-To-Floating-Rate-Notes-Assigned-A-Rating-984958>
  
APA:
S&P Global Ratings’ Credit Research. (). Swiss Re's Proposed Dated Junior Subordinated Callable Fixed-To-Floating-Rate Notes Assigned 'A' Rating Jul 05, 2012. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Swiss-Re-s-Proposed-Dated-Junior-Subordinated-Callable-Fixed-To-Floating-Rate-Notes-Assigned-A-Rating-984958>
  
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