Calypso Capital II Ltd. Series 2013-1

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Calypso Capital II cat bond rating upgraded by S&P

Both tranches of notes from the Calypso Capital II Ltd. (Series 2013-1) catastrophe bond issuance, which was sponsored by insurance and reinsurance firm AXA Global P&C in October 2013, have been upgraded by rating agency Standard & Poor's.Upgrades to the ratings of catastrophe bond notes is a relatively rare occurrence. read the full article →