Credit enhancement levels are sufficient to support DBRS's stressed loss assumptions
under various stress scenarios.
Overall, the analyst points out that his data indicates that re-underwriting in the past couple years has turned-around loss trends, with frequency and severity of losses down sharply, and AIG now appears "too conservative" on its newer accident-years loss assumptions
. He rates AIG as his top pick in the P/C segment, and reiterates a Buy rating and $66 price target on the shares.
Total proposed CE is sufficient to support Fitch's stressed default and loss assumptions
, consistent with the expected ratings for each class.
counterbalanced by the low loss assumptions
under Moody's Advanced LGF
are also expected to improve with regard to the phenomenon known as "leakage," or the payment of flood losses on policies that actually do not cover the peril.
(1997) but updated with the US population count on July 1, 2008 (304.06 million) and the data and loss assumptions
currently used in the hundreds of spreadsheets in the LAFA data series.
22 June 2010 - S&P took yesterday several rating actions on seven Spanish banks due to its forecast for slow economic growth in Spain and higher loan loss assumptions
In addition, the negative outlook on most of these BFSRs indicates that there could be downward pressure on these ratings if loss assumptions
were to increase significantly above Moody's current expectations or if the banks' risk absorption capacity were to deteriorate beyond Moody's expectations in its base case scenario.
The article states, "Although the default and loss assumptions
are already quite high, a worsening outlook will lead to further stress."