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Ratings and Solvency

Bond Ratings

Assessment of the ability and willingness of debtors to meet their financial obligations.

The following ratings have been awarded to the notes and debentures issued by our Group:

Credit ratings

  A.M. Best Fitch Moody's S&P
Münchener Rückversicherungs-Gesellschaft AG, 6,25%, € 900m, Subordinate Bond 2012/2042 a+ A   A
Münchener Rückversicherungs-Gesellschaft AG, 6,625%, £ 450m, Subordinate Bond 2012/2042 a+ A   A
Münchener Rückversicherungs-Gesellschaft AG, 6.00%, € 1,000m, Subordinate Bond 2011/2041 a+ A   A
Münchener Rückversicherungs-Gesellschaft AG, 7.625%, £ 300m, Subordinate Bond 2003/2028 a+ A A2 (hyb) A
Münchener Rückversicherungs-Gesellschaft AG, 5.767%, € 1,349m, Subordinate Bond 2007/undated a+ A A3 (hyb) A
Munich Re America Corporation, 7,45%, US$ 392m, Senior Notes 1996/2026 a- A+ A2 A-

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