| Title: | Research Update: Scottish Re Group Ltd. And Operating Cos. Ratings Remain On CreditWatch Negative |
| Price: | $175.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | Research Update |
| Abstract: | On May 1, 2008, Standard&Poor's Ratings Services stated 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 (see ratings list) and the ratings on all 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. Our increasing estimates of cumulative subprime and Alt-A |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Scottish Re Group Ltd. And Operating Cos. Ratings Remain On CreditWatch Negative Publication date: ##-May-#### Primary Credit Analyst: Robert A Hafner, FSA, New York (#) ###-###-####;... |
| Word Count: | 718 |
| Ticker: | SCT |
| Issuer: | Scottish Re Group Ltd. |
| GICS: | Reinsurance (40301050) |
| Sector: | Global Issuers, Insurance |
| Country: | Cayman Islands |
| Region: | Latin America |
| Format: | 
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