- Language: English
- Published: September 2012
- Region: United States
FGIC GIC/Investment Agreement-Backed Issues Off CreditWatch Negative Jan 08
- ID: 1886968
- January 2008
- Standard & Poors
NEW YORK (Standard & Poor's) Jan. 31, 2008--Standard & Poor's Ratings Services removed its 'AAA' rating on 29 Financial Guaranty Insurance Co. (FGIC) guaranteed investment contract/investment agreement-backed issues listed below from CreditWatch with negative implications where it had been placed Dec. 20, 2007. All the bond issues receive partial support in the form of guaranteed investment contracts or investment agreements from FGIC. The CreditWatch removal reflects the confirmation from FGIC that the issues listed below benefit from a full guarantee on the guaranteed investment contracts or investment agreements from General Electric Capital Corp. (AAA/A-1+). Issue Description Alabama Housing Finance Authority Multifamily Housing Revenue Bonds (South Bay Apartments Project) series 2000K Anaheim Housing Authority Multifamily Housing Variable Rate Revenue Bonds (Park...
Action: Removed From CreditWatch
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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