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Article: A.M. Best Assigns "a" Rating to Gerling Global Re's EUR220 Million Subordinated Step-up Fixed/Floating Rate Bonds.
- Article from:
- Business Wire
- Article date:
- July 25, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
OLDWICK, N.J.--(BUSINESS WIRE)--July 25, 2001
A.M. Best Co. has assigned an "a" rating to the proposed issuance of EUR$220 million of subordinated fixed to floating rate bonds, due 2021, issued by Gerling Global Finance Alpha B.V., a single purpose vehicle, guaranteed by Gerling - Konzern Globale Ruckversicherungs - Aktiengesellschaft (Gerling Global Re), Cologne, Germany.
Gerling Global Re is the largest operating company as well as the parent holding company for the reinsurance operations of Gerling-Konzern Versicherungs-Beteiligungs-Aktiengesellschaft, (Gerling Group), a privately held company headquartered in Cologne. The A ...