Bermuda-headquartered Catlin Group's 2008 cat bond Newton Re 2008-1 has defaulted on its final payment, prompting rating agency AM Best to downgrade and withdraw its ratings on the Class A notes.
Bermuda-headquartered Catlin Group's 2008 cat bond Newton Re 2008-1 has defaulted on its final payment, prompting rating agency AM Best to downgrade and withdraw its ratings on the Class A notes.