Buenos Aires City, July 06, 2015 -- Moody's Latin America Agente de Calificación de Riesgo S.A. has affirmed today the B1 global local currency insurance financial strength (IFS) rating and the Aaa.ar IFS rating on the Argentine national scale of Chubb Argentina de Seguros ("Chubb Argentina") following the announcement on July 1 that ACE Limited (NYSE: ACE) will acquire all of the outstanding shares of The Chubb Corporation (NYSE CB, "Chubb") for approximately $28.3 billion. The outlook of the company's ratings remains negative.
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