S&P lifts ACE

Standard & Poor's said that it raised ACE Ltd.'s counterparty credit rating to A from A- and the counterparty credit ratings on ACE's core operating subsidiaries to AA- from A+.

The outlook is stable.

The ratings reflect ACE's very strong and consistent operating performance, very strong competitive position, positive management and corporate strategy, very strong and improved capital adequacy, strong profits, very strong investments and liquidity, and improved financial flexibility, S&P said.

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