avondale securities

Moody’s has affirmed the life insurance-linked notes issued by Avondale Securities SA., which were issued to transfer a block of life insurance risk to the capital markets through securitisation for the Bank of Ireland.

The life insurance-linked notes issued by Avondale Securities SA., which were issued to transfer a block of life insurance risk to the capital markets through securitisation for the Bank of Ireland, have been upgraded by rating agency Standard & Poor’s.

Well that didn’t last long. The life insurance-linked notes issued by Avondale Securities SA. have been placed back on CreditWatch negative by ratings agency Standard & Poor’s after the long-term counterparty credit rating of the Bank of Ireland was placed on CreditWatch negative.

Ratings agency Standard & Poor’s have removed the ratings of two tranches of life insurance-linked notes issued by Avondale Securities SA. from CreditWatch as a correction to an administrative error. The notes issued by Avondale Securities were designed to transfer a block of life insurance risk to the capital markets through securitisation to allow the […]

Avondale Securities SA., Luxembourg domiciled issuer of  life insurance-linked notes issued on behalf of the Bank of Ireland, has been receiving a lot of attention from ratings agencies over the past year. The economic and sovereign debt troubles of the Irish economy and the links to the deal via the Bank of Ireland have seen […]

Ratings agency Moody’s have today confirmed the rating on two tranches of notes issued by Avondale Securities SA. The life insurance-linked notes issued by Avondale Securities, a special purpose vehicle set up in Luxembourg by the Bank Of Ireland, were issued to transfer, or securitize, a block of life insurance risk to the capital markets […]

Standard & Poor’s have today downgraded the ratings of two tranches of life insurance-linked notes issued by Avondale Securities SA. The notes issued by Avondale Securities, a special purpose vehicle set up in Luxembourg by the Bank Of Ireland, were designed to transfer a block of life insurance risk to the capital markets through securitisation […]

Earlier this month we wrote that Moody’s Investor Services had placed the senior tranche of notes from the Avondale Securities SA life insurance-linked securities on review for potential downgrade due to their close link to Ireland and the Bank of Ireland (who are facing economic difficulties). Now Moody’s has taken the next step and downgraded […]

The life insurance-linked security notes issued by Avondale Securities on behalf of the Bank of Ireland’s life insurance subsidiary New Ireland Assurance, have been placed on review for possible downgrade by ratings agency Moody’s.