MBIA downgrade; mixed blessing for life bonds
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MBIA downgrade; mixed blessing for life bonds

17 December 2009
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Moody's Investors Service has confirmed the Baa1 rating of $95mn of Unum's Tailwind life securitisations and withdrawn the ratings on $575mn of Protective's Golden Gate II life securitisations, following the February downgrade of monoline insurer MBIA Insurance Corporation.

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NewsCatastrophe bondsDecember 2009/1
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