Scottish Re downgraded again as December crunch deadline looms
Standard & Poors has lowered its counterparty credit and financial strength ratings on troubled life reinsurer Scottish Re's operating companies to 'B+' from 'BBB-.
S&P also lowered its counterparty credit rating on Scottish Re Group Ltd. to 'CCC' from 'B+'. Both ratings are on creditwatch with negative implications.
S&P’s statement explained the analysts’
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