| Title: | Scottish Re Group Ltd., Operating Cos. Ratings Kept On CreditWatch Negative |
| Price: | $100.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | News |
| Abstract: | NEW YORK (Standard&Poor's) May 1, 2008--Standard&Poor's Ratings Services said today that its counterparty credit rating on Scottish Re Group Ltd. (B/Watch Neg/--; Scottish Re) and its counterparty credit and financial strength ratings on Scottish Re's operating companies and the ratings on these companies' dependent unwrapped securitized deals remain on CreditWatch with negative implications. "Standard&Poor's placed these ratings on CreditWatch on Jan. 31, 2008, because of the erosion of Scottish Re's capitalization due to the declining market value of its subprime and Alt-A investments, our increased estimate of expected losses on these assets, and the meaningful risk of losing some reserve credits secured through Ballantyne Re plc," said Standard&Poor's credit analyst Robert Hafner. |
| Brief Excerpt: | RESEARCH Ratings Definitions Scottish Re Group Ltd., Operating Cos. Ratings Kept On CreditWatch Negative Publication date: ##-May-#### Primary Credit Analyst: Robert A Hafner, FSA, New York (#) ###-###-####; robert_hafner@standardandpoors.com... |
| Word Count: | 627 |
| Ticker: | SCT |
| Issuer: | Scottish Re Group Ltd. |
| GICS: | Reinsurance (40301050) |
| Sector: | Global Issuers, Insurance |
| Country: | Cayman Islands |
| Region: | Latin America |
| Format: | 
HTML
|
| Free Sample: |
Click
Here
to Download
|
Looking For Something Else?
