FSA Parent Sees 15% Drop in Net Income From Last Year

Hanson, Matthew
August 2006
Bond Buyer;8/10/2006, Vol. 358 Issue 32442, p48
Trade Publication
The article reports on the decrease of 15.1% in net income of $109.7 million by Financial Security Assurance Holdings Ltd. According to a report, the reduction was largely because of non-core finances. Thomson Financial asserted that aside from the bond insurer's decrease in amount of bonds, it also lessened its insurance of U.S. municipal paper to 30%.


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