Copying and distributing are prohibited without permission of the publisher
S&P lowers rating on FGIC
01 April 2008
Standard & Poor's has lowered its financial strength rating on Financial Guaranty Insurance Company (FGIC) six notches, to BB from A, and its rating on holding company FGIC Corporation six notches, to B from BBB. Standard & Poor's also removed the ratings from CreditWatch, where they had been placed on March 21 – the outlook is negative.
Read more:
standard & poor
financial
fgic
Standard & Poor's has lowered its financial strength rating on Financial Guaranty Insurance Company (FGIC) six notches, to BB from A, and its rating on holding company FGIC Corporation six notches, to B from BBB. Standard & Poor's also removed the ratings from CreditWatch, where they had been placed on March 21 – the outlook is negative.
At the same time, Standard & Poor's suspended its ratings on...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
