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Prospect News home > News index > List of issuers P > Headlines for PartnerRe Ltd. > News item
Published on 3/15/2005 in the Prospect News Convertibles Daily.

S&P rates PartnerRe Ireland FSR AA-

Standard & Poor's said it assigned its AA- financial strength rating to Partner Re Ireland Insurance Co., a newly formed subsidiary of PartnerRe Ltd.

At the same time, S&P affirmed its A counterparty credit rating on PartnerRe and its AA- counterparty credit and financial strength ratings on Partner Reinsurance Co. Ltd., Partner Reinsurance Co. of U.S. and PartnerRe SA. The outlook is stable.

S&P said the ratings on PartnerRe Ireland are based on explicit group support via an 85% quota-share reinsurance arrangement as well as a whole-account stop-loss arrangement that is expected to be provided by one of PartnerRe's main operating subsidiaries, Partner Reinsurance Co. Ltd.


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