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Golden State Re Ltd Series 2011-1 Class A Notes Assigned Preliminary Rating Nov 11
Standard & Poors, Nov 2011
Abstract
NEW YORK (Standard & Poor's) Nov. 22, 2011--Standard & Poor's Ratings Services said today it has assigned a preliminary issue credit ratings of 'BB+(sf)' to the Series 2011-1 Class A notes that are exposed to losses from earthquakes in the covered area (defined below) issued by Golden State Re Ltd. Golden State Re is a newly incorporated exempted company licensed as a special-purpose insurer formed pursuant to the Bermuda Insurance Act, 1978, as amended, and owned by a purpose trust. Golden State Re was incorporated under the laws of Bermuda. State Compensation Insurance Fund (SCIF) is the ceding party in this transaction. SCIF is a public enterprise fund established by the State of California through legislation enacted in 1913. SCIF...
Companies mentioned in this report are: Golden State Re Ltd
Action: General Comment
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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