Four Lehman-backed cat bonds downgraded to junk status
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Four Lehman-backed cat bonds downgraded to junk status

03 November 2008
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Ratings agency Standard & Poor's (S&P) downgraded four cat bonds guaranteed by failed investment bank Lehman Brothers in October, signalling further contagion of the financial sector crisis in the insurance linked securities (ILS) market.

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Topics

Analysis Catastrophe bonds November 2008/1 ILS
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