We are a business with a clear focus and exceptional ability to create targeted product solutions. MSFJ is not a Nationally Recognized Statistical Rating Organization (“NRSRO”). MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements. Are you going to vote in the November election?

We, Aspen Insurance UK Limited (“AIUK”) and Aspen Managing Agency Limited (“AMAL”) understand that coronavirus (Covid-19) pandemic and the Government controls imposed as a result are causing a substantial level of loss and distress for businesses, in particular for SMEs. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY’S PRIOR WRITTEN CONSENT. For ratings issued on a program, series, category/class of debt or security this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series, category/class of debt, security or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. “Dexamethasone is available in multiple markets, including South Africa, and is manufactured by a third party locally in Port Elizabeth,” Nicolaou added. These strengths are offset by the group's historically weak profitability and diminished level of balance sheet capital, along with reduced flexibility to respond to unexpected events, and in Moody's opinion, the need to introduce more risk into the business over time, as it seeks to strengthen earnings and take advantage of the hardening reinsurance price environment. Moody's general principles for assessing environmental, social and governance (ESG) risks in our credit analysis can be found at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1133569 . Aspen shares gained 9.29 percent on the JSE on Wednesday to close at R153. The A3 IFSR is supported by Aspen's good franchise and position in its chosen markets, which includes its growing alternative reinsurance capital management platform, and diversified reinsurance and primary specialty insurance platforms. MCO and Moody’s investors Service also maintain policies and procedures to address the independence of Moody’s Investors Service credit ratings and credit rating processes. DURBAN – Aspen Pharmacare on Wednesday said it was watching developments surrounding the potential coronavirus drug with keen interest, as it had it at affordable rates. Aspen's diminished earnings power, in part a result of its need to support regulatory capital levels through elevated cession of risk as balance sheet equity has fallen, allows it limited earnings flexibility to absorb unexpected events within current year earnings.

Led by the local group Roaring Fork Show Up, demonstrators issued calls of “Black Lives Matter,” “white silence is violence,” “no justice, no peace,” and “defund the police.”. The group has also exited some business lines, most recently with the sale of its profitable global surety business to the Amynta Group, which have diminished the breadth and size of its premium base. At least one ESG consideration was material to the credit rating action(s) announced and described above. We are confident that the group will be able to meet the demands if the country requires more of the product,” Nicolaou said. Recipient email addresses will not be used in mailing lists or redistributed. (“MJKK”) is a wholly-owned credit rating agency subsidiary of Moody's Group Japan G.K., which is wholly-owned by Moody’s Overseas Holdings Inc., a wholly-owned subsidiary of MCO. Learn why the Carbondale Police Chief Kirk Wilson decided to go into law enforcement, his approach to addressing concerns about police violence, his favorite movie of all time and more. You have reached the daily limit of Research email sharings. MOODY’S INVESTORS SERVICE DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. Merry Maids Call or Text 970-390-5977, Miller Sports is seeking full time & part time sales associates to sell designer ski wear, accessories, ski rentals &…, Patient Experience Concierge Description The Patient Experience Concierge is responsible for providing proactive assistance to patients by providing recommendations for…. The ratings have been disclosed to the rated entity or its designated agent(s) and issued with no amendment resulting from that disclosure. All rights reserved, Please visit the official Government information portal for Coronavirus by clicking HERE. As a result of these actions, Aspen's accident year ex-cat loss ratio improved to 64.3% in 2019 from 82% in 2017, albeit that the group's combined ratio for 2019 remained elevated at 113.9%. Additional terms for Japan only: Moody's Japan K.K. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. Weir warned that although the drug was a breakthrough with a regulated price of between R149 and R176, the margins made on the injection for treating the virus were not material enough to justify a radical move higher for the company’s earnings and share price in the longer run. Start a dialogue, stay on topic and be civil. Your financial contribution supports our efforts to deliver quality, locally relevant journalism. Aspen said it could produce dexamethasone at cost – making the steroid affordable immediately to save critically ill Covid-19 patients. This document is intended to be provided only to “wholesale clients” within the meaning of section 761G of the Corporations Act 2001. https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1187551, https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004, https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1133569, Credit Opinion: Aspen Insurance Holdings Limited: Update following rating downgrade, Credit Opinion: Aspen Insurance Holdings Limited: Update to credit analysis, Credit Opinion: Aspen Insurance Holdings Limited: Update following announcement of year-end 2018 earnings and completion of acquisition by Apollo, Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Aspen Insurance Holdings Limited, Announcement: Moody's: Global reinsurers’ outlook is stable on capitalisation, rising prices, yet headwinds remain. Moody's stated that the following factors could lead to an upgrade of Aspen's ratings: (i) increased capitalisation such that gross underwriting leverage (GUL) improves to a level consistently below 3.0x with regulatory capital remaining above a 200% coverage ratio; (ii) return on capital consistently above 6% with a combined ratio in the mid-90's range; (iii) financial leverage consistently below 25% and earnings coverage above 5x; and/or (iv) the group maintaining a moderate investment risk profile.

Aspen Insurance website . Aspen RE. DURBAN – Aspen Pharmacare on Wednesday said it was watching developments surrounding the potential coronavirus drug with keen interest, as it had it at affordable rates. Find out about our response. Aspen Insurances covers a wide range of risks over the globe, creating tailored solutions to provide stability and certainty for our clients. ... COVID-19. Compensation is commensurate with experience…, Now Accepting Applications for the 2020-2021 Winter Season for the following positions: Full & Part-Time Club Assistants (Driver/Bellman) Must have…, The Aspen School District is hiring for a variety of positions, including: Mechanic Bus Drivers Guest (Substitute) Teachers All open…, ASPEN PROPERTY MANAGER | CUVÉE ASPEN, CO About Cuvée Cuvée owns and curates the world's most exquisite collection of ultra-…, Lassiter Electric is NOW HIRING Electricians Experience Preferred Work is in the Basalt/Aspen Area We Offer: Excellent Pay & Benefits…, Olde Towne Moving Now hiring movers. AND/OR ITS CREDIT RATINGS AFFILIATES ARE MOODY’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. It will be moderated by Aspen Skiing Co.’s Senior Vice President and Chief of Human Resources Jim Laing. Dial the AT&T Direct Dial Access® code for, We brought you to this page based on your search query. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. A full list of affected ratings can be found at the end of this press release. The maximum number of items you can export is 3,000. Your financial contribution supports our efforts to deliver quality, locally relevant journalism. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“ASSESSMENTS”), AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. Jordan Weir, a trader at Citadel, said the momentum due to the news of dexamethasone as a potential drug against Covid-19 had brought relief in the market. Aspen … Therefore, credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings. Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com. Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Similar to peers, Moody's expects Aspen will incur meaningful claims related to the coronavirus in 2020. The outlook for the ratings has been changed to stable from negative. NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER. The group will host a public Facebook Live community event from 12:30 to 1:30 p.m. Thursday to introduce the new plans. Please refer to Moody's Policy for Designating and Assigning Unsolicited Credit Ratings available on its website www.moodys.com. (“MSFJ”) is a wholly-owned credit rating agency subsidiary of MJKK. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. Information regarding certain affiliations that may exist between directors of MCO and rated entities, and between entities who hold credit ratings from Moody’s Investors Service and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading “Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy.”. Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. In contrast, the following factors could lead to a downgrade of Aspen's ratings: (i) a material loss of business or market position in the group's core lines; (ii) gross underwriting leverage (GUL) remaining above 4.5x and/or a regulatory capital coverage ratio consistently less than 150%; (iii) a material increase in natural catastrophe exposure or investment risk relative to capital; (iv) adjusted financial leverage above 30% with earnings coverage of interest below 3x in consecutive years; and/or (v) more than a 10% decline in shareholders' equity over a rolling twelve month period.

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