What does change the outlook mean?

The phrase "change the outlook" was used a couple times in the wiki as an alternative for the rating agency to use rather downgrading an insurer's rating. But what does changing the outlook actually mean? I think an example would be helpful.

Comments

  • An "outlook" is a rating tool used by rating agencies, which anticipates a rating change. Feldblum explains it in paragraph 7 of page 22.

    This paragraph is in Appendix C, which is excluded from the syllabus.

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