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New Issue: Green Fields Capital Ltd. (Series 2011-1) Dec 10
Standard & Poors, Dec 2010
Abstract
Standard & Poor's Ratings Services has assigned a 'BB+ (sf)' credit rating to Green Fields Capital Ltd.'s series 2011-1 class A notes, which it issued under the principal-at-risk variable-rate note program sponsored by Swiss Reinsurance Co. Ltd. (Swiss Re). This is the first series of notes issued under this program. The notes issued are exposed to windstorm risks in France including Corsica. Green Fields is a special-purpose entity incorporated under the laws of Ireland. All of its issued and outstanding share capital is held in trust for charitable purposes by Wilmington Trust (Ireland) Ltd. Swiss Re is a global multiline provider of reinsurance. It is proposing to enter into this transaction to receive a multiyear source of reinsurance capacity for...
Companies mentioned in this report are: Green Fields Capital Ltd.,Swiss Reinsurance Company Ltd.,European Bank for Reconstruction and Development
Action: New Rating
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: Full Analysis
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