Fitch rates XL Capital preferreds A-

Fitch Ratings said it assigned an A- rating to XL Capital Ltd.'s $1 billion 6 3/8% series E perpetual non-cumulative preference ordinary shares and affirmed the company's A+ issuer default rating, A senior debt ratings and A- outstanding preferred stock ratings.

The outlook is stable.

The company's adjusted debt to total capital was 18.8% at the end of end 2006. The agency said it does not anticipate any material increases in financial leverage for XL in the near term.

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