S&P rates PartnerRe preferreds BBB+

Standard & Poor's said it assigned a BBB+ preferred stock rating to PartnerRe Ltd.'s (A/negative) proposed $150 million of series E cumulative redeemable preferred shares.

The issue rating reflects the company's very strong competitive position, very strong capital adequacy and quality of capital, conservative reserving practices, and excellent enterprise-risk management, the agency said.

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