Fitch affirms XL Capital

Fitch Ratings said it affirmed the A long-term issuer and senior debt rating and A- preferred stock rating of XL Capital Ltd. and the AA insurer financial strength rating of XL's property/casualty insurance and reinsurance subsidiaries.

The outlook is stable.

Fitch rates XL Capital Ltd.'s senior debt at A, long-term issuer rating at A and preferred stock at A-, XL Capital Finance's senior debt at A and XL Insurance's, XL Re's, XL Insurance Co. Ltd.'s, XL Insurance Switzerland's, XL Re Latin America's, XL Europe Ltd.'s, XL Reinsurance America's, XL Insurance Co. of New York's, XL Specialty Insurance's, Indian Harbor Insurance's, Greenwich Insurance's, XL Insurance Co. Ltd.'s and XL Select Insurance's insurer financial strength all at AA.

Fitch said the ratings reflect XL's position within the global insurance and reinsurance markets, historical underwriting and earnings performance, strong operating cash flow and adequate capital position at the parent and subsidiary level.

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