Standard & Poor’s Ratings Services has assigned the Lifetrade Fund B.V. fund a credit quality rating of Af.

Lifetrade, Curacao, Netherland Antilles, is an open-ended life settlement investment fund.

The fund is the first open-ended life settlement to receive a credit quality rating from S&P for the life settlement market, Lifetrade says.

The fund invests mainly in universal life insurance policies backed by issuers with high credit quality, Lifetrade says.