|[February 13, 2013]
A.M. Best Assigns Rating to PartnerRe's Series F Preferred Shares
OLDWICK, N.J. --(Business Wire)--
A.M. Best Co. has assigned a debt rating of "bbb" to the $250
million 5.875% Series F non-cumulative redeemable preferred shares of PartnerRe
Ltd. (Hamilton, Bermuda) (NYSE:PRE). The outlook assigned is
The proceeds from the issuance will be used by PartnerRe Ltd. towards
the repurchase of its Series C preferred securities. Once the redemption
is completed, the overall capital structure of PartnerRe Ltd. will be
essentially the same.
The methodology used in determining these ratings is Best's Cedit
Rating Methodology, which provides a comprehensive explanation of A.M.
Best's rating process and contains the different rating criteria
employed in the rating process. Best's Credit Rating Methodology can be
found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more
information, visit www.ambest.com.
Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS
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