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Insurers May Have Another Way To Save Their AAA CMBS

For insurers nervous about being forced to sell their S&P rated AAA CMBS as the rating agency debates whether or not to make significant model changes, you may have an out. The NAIC is expected to approve credit rating company Realpoint as a recognized rating source shortly. Adding to this process's credibility was the revelation that over 50 insurers have called Realpoint over the past couple of days saying, "you guys need to get approved".
Realpoint seeks to disarm S&P CMBS rating blows [Reuters]