TITLE

FSA Parent Reports Doubling of First-Quarter Profits

AUTHOR(S)
Meyers, Maxwell
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/12/2006, Vol. 356 Issue 32380, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Financial Security Assurance Holdings Ltd., the parent company of Financial Security Assurance Inc. (FSA) has announced that its first-quarter profits more than doubled due to charges related to hedges and credit default swaps. According to FSA's operating supplement, the first quarter consisted of general obligation and tax-backed sectors represent 63 percent of par insured and health care rose to 8 percent as a percentage of par insured.
ACCESSION #
20944506

 

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