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Bulletin: Losses From The April 25 Missouri Tornadoes Could Affect The Rating On Mariah Re Ltd.
Standard & Poors, May 2011
Abstract
NEW YORK (Standard & Poor's) May 10, 2011--Standard & Poor's Ratings Services today commented on its 'B (sf)' rating on Mariah Re Ltd.'s Series 2010-1 notes. Currently, the losses these notes cover are within expectations. Since the closing date through the end of April, there have been three covered events in 2011 for which Property Claims Services (PCS) has currently published estimated losses: Catastrophe Series Numbers 38, 42, and 43. Total losses to Mariah Re Ltd. related to these three events are approximately $103.5 million. Not included in this total is the loss amount from the tornados that hit Missouri and potentially other states in the covered area on and around April 25, as PCS has not yet reported loss...
Companies mentioned in this report are: Mariah Re Ltd.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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