Standard & Poor's, the ratings agency, has said that it expects to lower its ratings on Swiss Life, the troubled insurance group, if its forthcoming rights issue is not fully underwritten.

S&P has placed the single-A rated insurance firm on CreditWatch with negative implications.
The ratings agency expects to lower Swiss Life to A minus if the rights issue is not fully underwritten "to reflect the significantly reduced financial flexibility of the group".

Swiss Life credit rating hinges on underwriting of rights issue

Shanny Basar

Swiss Life

JP Morgan

Legal & General

Royal & SunAlliance

Zurich Financial Services

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