S&P reinstates rating on Queen Street III Capital Ltd.

Share

As promised on Monday when they suspended its rating, Standard & Poor’s have reinstated the rating on the Queen Street III Capital Ltd. catastrophe bond which provides Munich Re with protection amounting to $150m of their European windstorm risks.

S&P suspended the rating due to ‘an administrative oversight regarding Standard & Poor’s SEC Rule 17g(5)-related processes’. We’re still not sure exactly what the oversight was but all is back to normal now and Queen Street III Capital now has its ‘B+’ rating back for its$150m of notes.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Scottish Re records loss due to unwind of Orkney I life insurance securitization

Scottish Re, a Bermuda domiciled life reinsurer currently going through a run-off process, has announced their second quarter 2011 financial...

Close