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
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Research type: News
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