S&P revises PartnerRe view to positive

S&P said it revised the outlook for PartnerRe Ltd. to positive from stable after Covea group announced plans to acquire the company for $9 billion from EXOR.

The agency said it will view PartnerRe as strategically important to Covea and that PartnerRe could benefit from stronger support as part of a higher-rated group with a strong balance sheet.

S&P affirmed PartnerRe’s A- long-term issuer rating and the issuer ratings of its core subsidiaries.

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