Contagion hits ILS market
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Contagion hits ILS market

07 October 2008
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Cat bonds downgraded to junk status on Lehman Brothers collapse; no swap counterparty

Ratings agency Standard & Poor’s (S&P) downgraded four cat bonds guaranteed by failed investment bank Lehman Brothers in September, signalling further contagion of the financial sector...

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News October 2008/1
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