TITLE

Heavy Health Care Exposure May Mean Rating Risk, S&P Say?

AUTHOR(S)
Chang, Helen
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/3/2005, Vol. 351 Issue 32063, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article states that the credit ratings of bond insurers with heavy exposure to health care securities--especially large individual credits or lower credit quality borrowers--might be threatened by severe stress in that sector, according to Standard & Poor's analyst Dick Smith in a report last Wednesday. The agency last year identified healthcare as the most nettlesome sector for bond insurers--and it is likely to be the source of rating stress for them. Despite the cautionary comments he made in the report entitled "Bond Insurers Show Varying Sensitivity to Health Care," Smith said that no companies are currently in ratings jeopardy due to this research.
ACCESSION #
15938627

 

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