Credit loss surge prompts Crystal Credit downgrade
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Credit loss surge prompts Crystal Credit downgrade

18 May 2009
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A surge in recession-related credit losses has "increased the default possibility" of Swiss Re's $252mn credit reinsurance securitisation, Crystal Credit, prompting Standard & Poor's (S&P) to downgrade the notes.

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Topics

AnalysisCatastrophe bondsMay 2009/1
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