PartnerRe Ltd. -- Moody's rates PartnerRe's Euro-denominated guaranteed notes A3

New York, September 08, 2016 -- Moody's Investors Service, ("Moody's") has assigned an A3 rating to EUR750 million of 1.25% guaranteed notes due 2026 to be issued by PartnerRe Ireland Finance DAC, an indirect wholly owned subsidiary of PartnerRe Ltd. ("PartnerRe" -- senior shelf at (P)A3). The notes mature in 10 years and are unconditionally and irrevocably guaranteed by PartnerRe. Net proceeds from the offering will be used for general corporate purposes, including the repurchase of certain of the group's senior notes and partial redemption of PartnerRe's preferred shares. Moody's currently rates PartnerRe's principal operating subsidiaries A1 for insurance financial strength. The outlook for the ratings is stable.

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