Ratings agency Standard & Poor's (S&P) has downgraded the tornado bond Mariah Re 2010-1 by a notch to CCC with a negative outlook after covered losses rose to $790mn.
Ratings agency Standard & Poor's (S&P) has downgraded the tornado bond Mariah Re 2010-1 by a notch to CCC with a negative outlook after covered losses rose to $790mn.