These factors make fixedmaturity securities and ideal choice for insurance companies, which typically invest 50-70% of their total invested assets in fixedmaturity securities.
Today, Pennell believes that the number of fixed cost technologies is higher than is sustainable but in 2009, the maturity of Cloud technologies was not sufficient to support the challenging requirements of the Games.
For one thing, it is hard to know how much companies have in fact lengthened the maturity of their debts because the interest-rate swap market allows them to swap those fixed bond payments into cheaper floating debt, a popular strategy in the investment-grade market.