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S&P downgrades Milli Reasurans' national scale rating

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S&P downgrades Milli Reasurans' national scale rating

S&P Global Ratings on July 26 lowered to trAA- fromtrAA+ Milli ReasuransTAS' Turkey national scale rating.

The ratings action follows downgrades of and the insurer's , .

The agency believes that Milli Re's ratings are restrainedby those of its parent and Turkey, where the insurer invests the majority ofits assets.

S&P Global Inc.owns S&P Global Ratings and S&P Global Market Intelligence.