Ibis Re II Ltd. notes receive rating from S&P

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Standard & Poor’s have assigned preliminary ratings to the two tranches of the Ibis Re II Ltd. catastrophe bond transaction which is being brought to market by Assurant Inc.

The series 2010-1 Class A notes have been rated ‘BB’ and the Class B notes have been rated ‘B+’. The transaction is expected to complete in late April or early May and further details are available in our catastrophe bond Deal Directory.

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