Housing Blogs
housing, mortgages…
RSS | Visita nuestra web 
- Cliff Diving: CIFG Guaranty’s Bond Insurer Ratings
-
From Bloomberg: CIFG Guaranty’s Bond Insurer Ratings Cut to Junk (hat tip DD49) CIFG Guaranty, the bond insurer that lost its AAA ratings in March, was downgraded to below investment grade by Moody’s Investors Service, which said the company may become insolvent. The ratings were cut seven levels to Ba2, two steps below investment grade, from A1 to reflect “the high likelihood that, absent material developments, the firm will fail minimum regulatory capital requirements,” Moody’s said in a statement. ….
Original Source
-
20 May, 2008| housingblogs |
@ 20:27