NU Online News Service, Aug. 27, 2004, 4:52 p.m. EDT
A major German rating agency says 5 U.S. life settlement companies seem to have excellent risk profiles.[@@]
The rating agency, the Scope Group, Berlin, developed the rating for German closed-end investment funds that invest in U.S. viatical and life settlement assets. Scope reports that it believes it is the only major rating agency that has evaluated the quality of the assets.
The German funds now have more than $650 million invested in life settlement assets, up from $80 million in 2002, Scope says.