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Published on 11/9/2021 in the Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch upgrades Zurich’s units debt

Fitch Ratings said it upgraded the long-term ratings of the senior bonds secured by Zurich Insurance Co. and issued by Cloverie plc to AA- from A+.

Concurrently, the agency raised the long-term ratings of the subordinated notes secured by Zurich Insurance Co. and issued by Cloverie and by Aquarius + Investments plc to A from A-.

The ratings actions follow the recent upgrade of Zurich Insurance Co., Fitch said.


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