Credit FAQ: Underlying Corporate Ratings Of Insured Debt Remain Strongly Investment Grade Mar 08
Standard & Poors, March 2008
Abstract
(EDITOR'S NOTE: This article has been superseded by "Methodology: The Interaction Of Bond Insurance And Credit Ratings," published on Aug. 24, 2009.) Standard & Poor's Ratings Services will publish the underlying ratings (SPURs) on all insured debt of publicly rated U.S. corporate issuers that have a public issuer credit rating and are issued directly or indirectly via a tax-exempt conduit. A SPUR represents our current opinion of the stand-alone creditworthiness of a debt issue. Specifically, the SPUR indicates the capacity and willingness of an issuer to satisfy the obligations of a debt instrument on a timely basis and in accordance with the terms of the debt. A SPUR excludes consideration of any applicable credit support from a third party. Since...
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Ambac Assurance Corp.
- Financial Guaranty Insurance Co.
- National Public Finance Guarantee Corp.
- Assured Guaranty Municipal Corp.
- MBIA Insurance Corp.
- Assured Guaranty Corp
- Capital Markets Assurance Corp.
- Everspan Financial Guarantee Corp.
- MBIA Inc.
- Ambac Financial Group Inc.
- MBIA Assurance S.A.
- Assured Guaranty Municipal Holdings Inc.
- Assured Guaranty (Europe) Ltd.
- Radian Asset Assurance Inc.
- FGIC Corp.
- Ambac Assurance U.K. Ltd.
- ACA Financial Guaranty Corp.
- Assured Guaranty Municipal Insurance Co.
- Assured Guaranty (Bermuda) Ltd.
- Syncora Guarantee Inc.
- Syncora Guarantee Re Ltd.
- CIFG Europe
- CIFG Assurance North America Inc.
- Syncora Guarantee U.K. Ltd.
- Assured Guaranty US Holdings
- MBIA U.K. Insurance Ltd.
- Assured Guaranty (UK) Ltd.
- FGIC UK Ltd.
- PMI Guaranty Co.
- Syncora Holdings Ltd.
- MBIA Mexico S.A. de C.V.
- FSA Seguros Mexico S.A. de C.V.
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