S&P: Munich Reinsurance notes A

Standard & Poor's said it assigned it's A long-term debt rating to both proposed dated, unsecured and junior subordinated notes that global reinsurer Munich Reinsurance Co. plans to issue this month.

The agency said the ratings reflect its standard notching for subordinated debt issues, which in this instance is two notches below the long-term counterparty credit rating on the issuer.

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