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Bond Ratings

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    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 S&P
    Münchener Rückversicherungs-Gesellschaft AG, 4.250%, 1,500m €, Subordinated Bond 2024/2044 A A
    Münchener Rückversicherungs-Gesellschaft AG, 5.875%, US$ 1,250m, Subordinated Green Bond 2022/2042 A A
    Münchener Rückversicherungs-Gesellschaft AG, 1.00%, 1,000m €, Subordinated Green Bond 2021/2042 A A
    Münchener Rückversicherungs-Gesellschaft AG, 1.25%, 1,250m €, Subordinated Green Bond 2020/2041 A A
    Münchener Rückversicherungs-Gesellschaft AG, 3.25%, 1,250m €, Subordinated Bond 2018/2049 A
    Munich Re America Corporation, 7.45%, US$ 287m, Senior Notes 1996/2026 a AA- A-
    Detailed information on the rating of individual Munich Re Group companies as well as general rating categories can be found on the websites of the rating agencies:

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