Moody’s Ratings has now finalised and published its awaited new methodology for rating insurance-linked securities (ILS) such as catastrophe bonds.
Moody’s Ratings had issued a discussion paper on insurance-linked securities (ILS) and cat bonds back in March 2025 and put out a call for feedback from market participants, to help clarify its understanding of ILS market dynamics and associated credit risks as well as the perceived need for ratings of these instruments.
Then in August 2025, with a proposal for a new cat bond and ILS rating methodology having been circulated, Moody’s sought final input and comments from the industry to assist in shaping its process.
FULL ORIGINAL PUBLICATION HERE