Standard & Poor’s has upgraded Swiss Re’s rating

The rating agency Standard & Poor’s (S&P) has upgraded Swiss Re’s rating from A+ to AA-, estimating that the Swiss reinsurer has a better positioning on the market, a good capital level and a solid life and non-life performance. S&P has nevertheless underscored that life business profitability is down in comparison with that of non-life. According to S&P forecasts, Swiss Re is going to report solid profits for the entire year 2011.