PP investors hope NAIC will be cautious over downgrades

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PP investors hope NAIC will be cautious over downgrades

Silas Brown
May 06, 2020 11:45 am
Worry Pray
besorgter geschäftsmann schaut nach oben | contrastwerkstatt - stock.adobe.com

US insurance companies that buy private placements are concerned the damaging effects of coronavirus on corporate earnings may prompt a flood of credit downgrades by the National Association of Insurance Commissioners (NAIC), the regulatory body which imposes upon them risk-based capital charges.

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