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Moody's downgrades 31 insurers

Ratings agency Moody's has downgraded 31 life insurers in the past 18 months, with a further four under review for downgrade, the ratings agency revealed in a report outlining its latest approach to stress testing.

The company said weakened liquidity for life holding companies was a "significant contributing factor" in many of its downgrades, and it expected this trend would continue as the

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The wild world of credit models

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