Ratings Roundup: Topiary (Cat Bonds), Cardif, AMI, PhilNaRe - Surety Bond Forums

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03-25-2011, 05:10 AM

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Ratings Roundup: Topiary (Cat Bonds), Cardif, AMI, PhilNaRe

Standard & Poor’s Ratings Services said that its ‘BB+(sf)’ rating on Topiary Capital Ltd.’s Series 2008-1 notes will remain on Credi****ch, where it was placed on March 18, 2011, with negative implications. S&P explained that the “calculation agent, RMS, is …

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