Zurich Australia/New Zealand AA- Rating Standard & Poor's has issued an insurer financial strength and counterparty credit rating of AA- (downgraded from AA) for Zurich Australian Insurance Limited (Zurich General) and Zurich Australia Limited (Zurich Life). Rating date: 2 September 1999. The rating scale is: AAA (Superior) BBB (Adequate) CCC (Extremely Vulnerable) AA (Excellent) BB (May be Adequate) R (Regulatory Action) A (Good) B (Vulnerable) Zurich operates in New Zealand, specialising in corporate insurance. Zurich Australia/New Zealand is part of the worldwide Zurich Financial Services Group which has AA Standard & Poor's rating. For Further Information Contact: Graham Turnock, Manager New Zealand. Telephone: (09) 377 3381.