$1.2bn Merna Re ratings affirmed as maturity nears
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$1.2bn Merna Re ratings affirmed as maturity nears

Fitch Ratings has affirmed the ratings on three tranches of notes and loans for State Farm's 2007 $1.2bn Merna Re cat bond, as the likelihood of a loss diminishes as the transaction moves closer to maturity in June 2010.

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