S&P outlooks for Toa Re and subsidiaries downgraded to negative
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S&P outlooks for Toa Re and subsidiaries downgraded to negative

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Toa Reinsurance Co and two of its subsidiaries have had their outlooks downgraded from stable to negative by S&P Global Ratings.

The reinsurance company and US-based Toa Reinsurance of America and Switzerland-based Toa 21st Century Reinsurance Co Ltd also had their A+ financial strength and long-term issuer credit ratings affirmed.

The

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