Standard & Poor’s has issued a corrective statement concerning one of the cat bond ratings listed in the bulletin it issued on April 18.
The Series 2011-1 Class A notes, rated BB+ (sf)/Watch Neg BB+ (sf) issued by Foundation Re III Ltd., should not have been included, as they were “not modeled by Risk Management Solutions Inc.” S&P said.
Source: Standard & Poor’s
Topics Catastrophe
Was this article valuable?
Here are more articles you may enjoy.
Litigation Funding, Other New Laws in SE States Could Impact Liability Insurance 
CRC Group Signs Agreement to Acquire Euclid Transactional 
10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris 
Law Firm Faces Sanctions for Failing to Vet Ugandan Claims in $6B 3M Case 
