Rating Agency Developments

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On September 4, 2018, Moody’s updated its methodology for the mining industry, replacing the last version published on April 3, 2018. No rating changes are expected to result from this update. Release.

As of August 28, 2018, S&P Global Ratings is requesting comments on proposed revisions to its methodology and assumptions for rating certain insurance-linked securitizations (“ILS“). The rating on an ILS addresses the likelihood of timely payment of interest and principal when due based on the original promise, even if the terms permit a reduction in principal or interest. The proposed criteria covers specific methodologies applicable to natural peril, mortality, longevity, medical benefit ratio, and auto bonds. Release.

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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