Fitch Publishes Updated Insurance-Linked Securities Methodology

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has published a periodic review and update of its methodology for rating insurance-linked securities (ILS). This report replaces the criteria of the same title published in August 2014.

Fitch added clarity surrounding ILS impairments, treatment of investment volatility within collateral accounts and interpretation of the calibration matrix. None of these updates had any effect or altered any current ILS credit ratings.

Fitch's 'Insurance-Linked Securities Methodology' is a sector-specific rating criteria, so it also draws on other criteria from Structured Finance and Insurance in developing the rating.

The full report 'Insurance-Linked Securities Methodology' is freely available on the Fitch website at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Insurance-Linked Securities Methodology

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=868333

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150723006635/en/

Fitch Ratings
Jeff Mohrenweiser, +1-312-368-3182
Senior Director
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60603
or
Kevin Corrigan, +1-212-902-9156
Senior Director
or
Media Relations
Alyssa Castelli, +1-212-908-0540 (New York)
[email protected]

Source: Fitch Ratings

You May Also Be Interested In

• Finland's Aalto Works joins the UNESCO World Heritage List, with five sites in Helsinki
• KuCoin Marks Ninth Anniversary at Tomorrowland Belgium, Honoring Nine Years of Industry Progress Beyond the Signal
• BioElectronics Corporation Doubles Facility Space to Support Electrome's Commercial ActiPatch Launch and Anticipated Sales Growth