(Bloomberg) -- CIFG Cos., a top AAA-rated bond
insurer, had the outlook on the financial strength ratings of
its insurance units lowered to ``negative'' from ``stable'' by
Standard & Poor's, potentially affecting more than $80 billion
of bonds.
S&P revised its outlook on the ratings of CIFG Guaranty,
CIFG Europe, and CIFG Assurance North America Inc. because of
concerns over parent company Natixis SA's degree of long-term
support for the insurer, according to a statement from S&P
today. S&P also questioned the effectiveness of the company's
board and succession planning.
Read more at Bloomberg Bonds News
insurer, had the outlook on the financial strength ratings of
its insurance units lowered to ``negative'' from ``stable'' by
Standard & Poor's, potentially affecting more than $80 billion
of bonds.
S&P revised its outlook on the ratings of CIFG Guaranty,
CIFG Europe, and CIFG Assurance North America Inc. because of
concerns over parent company Natixis SA's degree of long-term
support for the insurer, according to a statement from S&P
today. S&P also questioned the effectiveness of the company's
board and succession planning.
Read more at Bloomberg Bonds News
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