Copying and distributing are prohibited without permission of the publisher
Moody’s adjusts Glacier Re cat bonds outlook
01 September 2010
Following the announcement that Glacier Re is going to run-off, Moody's Investors Service has changed its outlook on the Glacier Re sponsored Nelson Re Class H and Class I catastrophe bonds to negative and Class G still at Ca (sf) developing.
Read more:
Glacier Re
Todd Hart
Following the announcement that Glacier Re is going to run-off, Moody's Investors Service has changed its outlook on the Glacier Re sponsored Nelson Re Class H and Class I catastrophe bonds to negative and Class G still at Ca (sf) developing.
The Class H $45.0m catastrophe bonds have been affirmed at B3 (sf) with a negative outlook from stable; the Class I $67.5m catastrophe bonds have been affirmed at B1 (sf) with a negative outlook from stable; and tThe Class G $67.5m catastrophe bonds remain at Ca (sf) with a developing outlook.
Nelson Re issued the Class G, H and I notes in June...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.