Standard & Poor's has assigned a "BBB+" issue rating to the proposed issuance of T2 subordinated notes by Swiss Re Ltd.

On 15th April, Standard & Poor's awarded a rating of "BBB+" to the proposed issuance of T2 subordinated notes by Swiss Re Subordinated Finance PLC, a financing company based in the UK (unrated). The notes will be guaranteed (subordinated) by Swiss Re Ltd., the ultimate holding company of the Swiss Re group (A/stable/--).