S&P affirms Swiss Life

Standard & Poor's said it affirmed its A- long-term counterparty credit and insurer financial strength ratings on Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt and related operating entities.

At the same time, the BBB long-term counterparty credit rating on Swiss Life Holding was affirmed.

The outlooks are stable.

S&P noted that the ratings reflect Swiss Life's strong asset-liability and risk management practices, strong and increasingly diversified competitive position and strong and further improved capitalization.

Operating performance also continues to improve, the agency said, adding that domestic earnings are not yet fully reflective of Swiss Life's market position, however.

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