The Class A notes of Ajax Re - Aspen Insurance's $100mn 2007 earthquake cat bond - have been placed on CreditWatch negative by ratings agency Standard & Poor's (S&P), as it awaits a likely default.
The Class A notes of Ajax Re - Aspen Insurance's $100mn 2007 earthquake cat bond - have been placed on CreditWatch negative by ratings agency Standard & Poor's (S&P), as it awaits a likely default.