Bond Insurers: S&P Downgrades FGIC Corp. To CCC With Negative Outlook.(Underwriters and Dealers)
Publication: The Bond Buyer
Publication Date: 26-SEP-08
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Standard & Poor's Wednesday lowered FGIC Corp.'s counterparty credit rating and senior unsecured notes to CCC with a negative outlook from B, while keeping the BB financial strength rating of Financial Guaranty Insurance Co. on negative watch.
FGIC Corp. has said it has enough cash to...
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