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» ABS Backed by Annuities and Life-Contingent Structured Settlements Earns AAA Rating
ABS Backed by Annuities and Life-Contingent Structured Settlements Earns AAA Rating
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A subsidiary of DRB Capital is set to issue a $59.9 million ABS backed by annuities and life-contingent structured settlement receivables. The deal received AAA ratings from Morningstar Credit Ratings late last week.