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(Full text of a statement. Contact details follow below.)
CURACAO, Netherland Antilles, July 31 /PRNewswire-AsiaNet/ --
The Lifetrade Fund B.V., has received a Standard & Poor's Credit Quality rating as a life settlement investment fund. Lifetrade is the first open-ended fund to receive such a rating from Standard & Poor's in the secondary life insurance market.
The rating is based on Lifetrade's "strong protection from credit defaults," said Standard & Poor's credit analyst, Sergio Garibian. S&P issued the fund with an "Af" credit-quality rating and will continue to monitor pertinent fund information and portfolio reports monthly.
"By being the first life settlement open-ended fund to receive a Standard & Poor's Credit Quality Rating, it not only demonstrates our rigorous due diligence approach to the secondary market, but also adds independent credence to our belief in the benefits of sound business practices and a team-based approach," asserted Managing Director, Roy Smith. "Our mission is to continue to increase our market knowledge and expertise to provide investors with a high quality, precise and diversified life settlements portfolio."
The joint ...
Source: HighBeam Research, LIFETRADE RECEIVES 1ST LIFE SETTLEMENTS S&P CREDIT RATING.