Beleaguered life securitisation Ballantyne Re has been dealt a further blow as ratings agency Standard & Poor’s (S&P) downgraded three tranches of the bond to junk status, citing mark-to-market losses in the collateral account.
Beleaguered life securitisation Ballantyne Re has been dealt a further blow as ratings agency Standard & Poor’s (S&P) downgraded three tranches of the bond to junk status, citing mark-to-market losses in the collateral account.