TEXT-S&P ratings - Munich Holdings Corporation II S.a.r.l.

Wed Dec 5, 2012 4:10am EST

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(The following statement was released by the rating agency)

Dec 05 -

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Ratings -- Munich Holdings Corporation II S.a.r.l. ---------------- 05-Dec-2012

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CREDIT RATING: B/Stable/-- Country: Germany

Primary SIC: Durable goods,

nec

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Credit Rating History:

Local currency Foreign currency

05-Dec-2012 B/-- B/--

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.