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Catastrophe bonds should escape the uncertainty about using credit ratings in offer documents as ratings agencies face up to financial reforms included in the Dodd-Frank bill signed into US law last week.

The bill prompted agencies to block their ratings being used in prospectuses as new rules lay them open to liability as experts under the US Securities Act.

Regulator the Securities and Exchange Commission (SEC) has since given agencies a six-month grace period to adapt to the new rules...

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  Cat bonds avoid Dodd-Frank ratings change
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