RAEX Downgrades Zurich Insurance Company Reliability Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) downgraded Zurich insurance company reliability rating to A level ("High level of reliability"), the third sub-level. The rating outlook is "developing", which means rating stability and change are equally likely in the mid-term. Earlier the Company had rating A+ with the stable outlook.
Reduction of equity was mentioned among other negative factors.
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