News & Analysis Results

S&P updates default table, changes cat bond ratings

News 12th May 2008

Standard & Poor’s have amended a default table they use to help them rate insurance linked securitizations and catastrophe bonds. 11 cat bonds and six life mortality securitizations have been affected by the change. These default tables are amended occasionally to help S&P apply a rating that better reflects observed corporate defaults. Ratings on 8 […]

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