ACA Spreads Widen as Insurer Continues Seeking Capital

Chang, Helen
July 2004
Bond Buyer;7/21/2004, Vol. 349 Issue 31930, p1
Trade Publication
Reports on U.S. insurer ACA Financial Guaranty Corp.'s efforts to raise capital as spreads on bonds it insured widened since Fitch Ratings Inc. issued a ratings downgrade in May 2004. Reasons behind the downgrade; Equity capital contributed by ACA's existing investors; Financial woes encountered by the company during the year.


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