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A.M. Best: Subprime Exposure Modest, But Contagion Is Concern
National News • December 14, 2007
As the turmoil from the subprime crisis ripples across the global credit and equity markets and threatens the stability of the U.S. economy, several insurers have announced their exposure to ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: A.M.Best soft peddling this catastrophe until the bitter | Green Lanter | Dec 17, 2007, 12:12 pm |
| A.M.Best soft peddling this catastrophe until the bitter end | Media Mogul | Dec 14, 2007, 1:45 pm |
| Unless you're Citizens | Pat Beranger | Dec 14, 2007, 1:43 pm |
| Back to article | ||
Subject: A.M.Best soft peddling this catastrophe until the bitter end
What a rating service! Reminiscent of the ones that got everyone into the mortgage crisis to begin with. Is the paper of company x creditworthy? Do some real research and give us some real answers!
Are we going to see rating actions after the horse has already left the barn? What use is this approach to buyers and brokers?
A rated one day-- C rated the next. Real helpful.