S&P has lowered its senior debt rating on Scottish Re's life transaction Orkney Re II's series A-2 notes to CC from CCC, citing declining mark-to-market asset values and doubts over the vehicle's ability to make its interest payments.
S&P has lowered its senior debt rating on Scottish Re's life transaction Orkney Re II's series A-2 notes to CC from CCC, citing declining mark-to-market asset values and doubts over the vehicle's ability to make its interest payments.