Aviva 2009 Annual Report Download - page 56
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54
Aviva plc Analysis of investments continued
Annual Report and Accounts 2009
Debt securities, for which participating funds carry the exposure to investment losses, analysed by credit rating and product type
are set out in the table below. Government and corporate debt securities are further analysed by type of issuer.
Debt securities – participating fund assets
Ratings
Less than
AAA AA A BBB BBB Non-rated Total
2009 £m £m £m £m £m £m £m
Government
UK government 12,318 1,097 — — — — 13,415
UK local authorities ———————
Non-UK government 15,734 9,004 4,167 728 279 59 29,971
28,052 10,101 4,167 728 279 59 43,386
Corporate
Public Utilities 639 419 2,035 721 234 8 4,056
Convertibles and bonds with warrants — 26 259 — 18 20 323
Other corporate bonds 6,332 6,781 12,673 5,783 1,387 1,095 34,051
6,971 7,226 14,967 6,504 1,639 1,123 38,430
Certificates of deposits — 374 60 1,131 — — 1,565
Structured
RMBS non-agency sub-prime — — — — — — —
RMBS non-agency ALT A — — — 2 2 — 4
RMBS non-agency prime 239 — — — — — 239
RMBS agency 248 — — — — — 248
487 — — 2 2 — 491
CMBS 142 53 18 2 4 — 219
ABS 241 74 114 66 21 1 517
CDO (including CLO) — — — — — — —
ABCP — 660 — — — — 660
ABFRN — — — — — — —
383 787 132 68 25 1 1,396
Wrapped credit 15 43 13 34 7 11 123
Other 4 176 147 29 8 709 1,073
Total 35,912 18,707 19,486 8,496 1,960 1,903 86,464
Total % 41.6% 21.6% 22.5% 9.8% 2.3% 2.2%
2008 38,658 13,766 19,794 5,310 986 1,052 79,566
2008 % 48.6% 17.3% 24.9% 6.7% 1.2% 1.3%