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Moody’s cuts FGIC to ‘Baa3′, may be downgraded further

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Monday said it downgraded the insurance financial strength ratings of FGIC Corp. subsidiaries to Baa3 from A3, and may further downgrade the ratings. Moody’s also cut the senior debt rating of FGIC Corp. to B3 from Ba1. The rating cuts reflect FGIC’s inability to date to raise new capital, Moody’s said.
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Original post by Forextvblog

This entry was posted on Monday, March 31st, 2008 at 2:29 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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