Fitch affirms PartnerRe

Fitch Ratings said it affirmed the ratings of PartnerRe Ltd.

The outlook is negative.

Affected ratings include Partner Reinsurance Ltd.'s insurer financial strength at AA and PartnerRe's issuer default rating at AA-; $290 million 6.75% series C cumulative redeemable perpetual preferred securities at A-; $230 million 6.5% series D cumulative redeemable perpetual preferred securities at A-; $67 million junior subordinated notes due Dec. 1, 2066 at A-; $250 million 6.875% senior unsecured notes due June 1, 2018 at A+; and $500 million of 5.5% senior unsecured notes due June 1, 2020 at A+.

The affirmation follows an updated review of PartnerRe's financial performance, capital position, liquidity and investment exposures, the agency added.

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