S&P cuts FGIC to Junk

From Reuters: S&P cuts FGIC insurance unit’s rating to junk status S&P cut FGIC Corp by six notches to “B,” five steps below investment-grade, from “BBB.” It downgraded FGIC’s insurance arm, Financial Guaranty Insurance Co, by six notches to “BB,” two steps below investment grade, from “A.”The outlook is negative This was expected (Fitch cut FGIC to junk on Wednesday), and FGIC will probably be in run-off (they’ve already stopped writing new business). Unlike insurers AMBAC and MBIA, FGIC was unable to raise new capital.
…
Original Source

  29 March, 2008| Uncategorized | @ 1:01

• VIDEOS
• Economía Blogosfera
• Bitácora
• Economía G . Medios
• Blog de Economía
• Blog Vivienda
• Mercado Divisas
• Agregador Marketing
• El Intercambiador
• Energía, M. Ambiente
• Blog Análisis Técnico
• Canal solidario
• Agregador A.Técnico
• Agregador Motor

• Economy Blogs
• Hedge Funds
• Fundamental Analysis
• Housing Blogs
• Technical Analysis
• Energy Blogs
• Derivatives: Futures
• Marketing Blogs
• Economy Mass Media
• VIDEOS

Categories:

• housingblogs

Recent Comments

• admin: [List-o-links] 3-31-08 Credit Crunch Update...

Calendar:

Archives:

• January 2010
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008

Meta:

• Log in
• Comments RSS
• Valid XHTML
• Utilities
• XFN
• WP
• RSS