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How do I file a sovereign bond if the sovereign issuer does not have an NRSRO rating?

April 26, 2017Bond file issuer nrsro rating Sovereign

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How do I file a sovereign bond if the sovereign issuer does not have an NRSRO rating?

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According to Part Five of the Purposes and Procedure Manual of the NAIC Securities Valuation Office, insurance companies should not file sovereign bonds with the SVO if the issuer does not have a sovereign rating from an NRSRO unless the bond is guaranteed by an NRSRO-rated foreign government.