Swiss Re's Mortality Catastrophe-Indexed Note Rated 'BB+' - S&P Global Ratings’ Credit Research

Swiss Re's Mortality Catastrophe-Indexed Note Rated 'BB+'

Swiss Re's Mortality Catastrophe-Indexed Note Rated 'BB+' - S&P Global Ratings’ Credit Research
Swiss Re's Mortality Catastrophe-Indexed Note Rated 'BB+'
Published Nov 25, 2009
Published Nov 25, 2009
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Abstract:

LONDON (Standard&Poor's) Nov. 25, 2009--Standard&Poor's Ratings Services said today that it assigned its 'BB+' long-term debt rating to the $75 million series I, class E principal-at-risk variable-rate notes due Jan. 15, 2014, which were issued on Nov. 23, 2009, by Cayman Islands-based Vita Capital IV Ltd. The notes will provide Swiss Reinsurance Company Ltd. (Swiss Re; A+/Stable/A-1) with a degree of protection against extreme mortality events occurring to specified age and gender distributions in the U.S. and the U.K. Swiss Re has previously securitized mortality risk through the Vita Capital Ltd., Vita Capital II Ltd., and Vita Capital III Ltd. transactions. The Vita II transaction is scheduled to expire at the end of 2009 and the

  
Report Type:

Ratings Action

Ticker
RUKN@VX
Issuer
GICS
Reinsurance (40301050)
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Swiss Re's Mortality Catastrophe-Indexed Note Rated 'BB+'" Nov 25, 2009. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Swiss-Re-s-Mortality-Catastrophe-Indexed-Note-Rated-BB-759315>
  
APA:
S&P Global Ratings’ Credit Research. (). Swiss Re's Mortality Catastrophe-Indexed Note Rated 'BB+' Nov 25, 2009. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Swiss-Re-s-Mortality-Catastrophe-Indexed-Note-Rated-BB-759315>
  
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