Hybrid securities continue to be reviewed by both rating agencies and regulators.
Moody's Investors Service, New York, announced this week that “hybrid securities will continue to be rated according to existing rating guidelines, with no rating distinction made among cumulative, noncash cumulative and noncumulative obligations.”
The announcement comes even as regulators at the National Association of Insurance Commissioners, Kansas City, Mo., continue to examine work on a proposal being developed by the American Academy of Actuaries, Washington.
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