A deal under a new catastrophe bond program called Mythen Ltd. is in the market. Moody's Investors Service has assigned preliminary ratings to three classes of the Series 2012-1 notes.

The Class A worth $50 million of principal at-risk variable rate notes due April, 2015 was assigned a 'Ba3 (sf)' rating; Class E notes worth $100 million due April, 2015 was assigned 'Ba3 (sf)'; and Class H notes worth $250 million due April, 2015 was assigned 'B2 (sf).'

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