S&P downgrades Scottish Re's credit 4 notches - Forbes
Story date: 2008-05-23 12:48:00
Added on: 2008-05-24 16:08:54
Standard & Poor's Ratings Services cut Scottish Re Group Ltd.'s credit deep into junk, saying a portfolio of bad mortgage investments is making it tough for the insurer to raise cash. S&P downgraded Scottish Re to "CCC-" from "B," implying the ...
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