Ratings agency Moody's Investors Service has upgraded two tranches of notes on Brit Insurance's 2007 cat swap deal, Fremantle Ltd, as the likelihood of a loss diminishes while the transaction moves closer to maturity in June 2010.
Ratings agency Moody's Investors Service has upgraded two tranches of notes on Brit Insurance's 2007 cat swap deal, Fremantle Ltd, as the likelihood of a loss diminishes while the transaction moves closer to maturity in June 2010.