LONDON (Standard&Poor's) April 26, 2002--Standard&Poor's said today it affirmed its triple-'A' counterparty credit and insurer financial strength ratings on Swiss Reinsurance Co. and related core subsidiaries of the Swiss Re group (Swiss Re) following the publication of the group's annual results. The outlook on all group companies is stable. At the same time, the short-term debt ratings on various entities were affirmed. (For a complete list of all the entities affected, see the summary on Swiss Reinsurance Co., published on April 26, 2002, on RatingsDirect, Standard&Poor's Web-based credit analysis system.) "The affirmation largely reflects Swiss Re's extremely strong and sustainable global business position, superior management team, and extremely strong financial flexibility, as demonstrated by
