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S&P: Scottish Re unaffected
Standard & Poor's said it is taking no rating action on Scottish Re Group Ltd. (B+/Watch negative) following recent announcements from the company regarding its reduction in aggregate commitments and completion of reinsurance contract.
All ratings remain on CreditWatch, where they were placed on July 31, the agency said.
S&P noted that the ratings will remain on CreditWatch until the tight liquidity situation has been mitigated and the company's strategic alternatives have been clarified.
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