S&P releases gloomier outlook for IORe
Standard & Poor’s (S&P) has revised its outlook on Inter-Ocean Reinsurance (IORe) from stable to negative.
The rating agency said that the change was due to concerns about collateralisation on two deals. Although it added that it expected a prompt resolution on the specific transactions, concerns aboutOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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