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S&P trims PartnerRe view to negative
Standard & Poor’s said it revised its outlook on PartnerRe Ltd. and its operating companies to negative from stable and affirmed all of the ratings, including the A- long-term counterparty credit rating on PartnerRe Ltd.
S&P said the outlook revision follows Monday’s announcement that PartnerRe Ltd. (NYSE: PRE) and EXOR SpA (BIT: EXO) have signed a definitive agreement for EXOR to acquire PartnerRe for $6.9 billion in an all-cash transaction.
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