Moody's upgrades $140mn of Brit cat bond as maturity nears
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Moody's upgrades $140mn of Brit cat bond as maturity nears

02 September 2009
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Ratings agency Moody's Investors Service has upgraded two tranches of notes on Brit Insurance's 2007 cat swap deal, Fremantle Ltd, as the likelihood of a loss diminishes while the transaction moves closer to maturity in June 2010.

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