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Fitch to rate PartnerRe notes A+
Fitch Ratings said it expects to assign an A+ rating to PartnerRe Ltd.'s planned issue of $400 million of 10-year senior unsecured notes.
The outlook is negative.
Proceeds will be used for general corporate purposes.
Ratings reflect PartnerRe's strong profitability, conservative investment strategy, and low reserve and reinsurance leverage, the agency said.
Ratings also consider PartnerRe's inherent exposure to potential earnings volatility from catastrophe-related losses, the agency noted.
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