Following its recent publication of a discussion paper on rating insurance-linked securities (ILS), with a focus on catastrophe bonds, Moody’s Ratings has moved forward and developed a new methodology for rating cat bonds and other ILS and is now seeking final feedback before its implementation.
Moody’s Ratings published its discussion paper on insurance-linked securities (ILS) and cat bonds back in March and sought feedback from market participants to help clarify its understanding of ILS market dynamics and associated credit risks.
Now, with a proposed cat bond and ILS rating methodology in the wild, Moody’s is looking for any final input and comments from the industry to assist in shaping its process.
FULL ORIGINAL PUBLICATION HERE