Munich Re A+ Rating By A.M. Best Unchanged

A.M. Best Co. has commented that the financial strength rating of A+ (Superior) of Muenchener Rueckversicherungs-Gesellschaft (Munich Re) (Germany) remains unchanged following the proposed rights issue of "at least" EUR 3.8 billion (USD 4.4 billion). A.M. Best believes that a successful completion of this right issue would improve Munich Re's consolidated risk-adjusted capital level, enabling the company to restore its reserves and further expand its business position in the world-wide reinsurance market. However, the pressure on Munich Re's consolidated earnings is likely to continue as re...