Insurers Commit to Over Half of California DWR's Record Deal

Smith, Aaron T.
November 2002
Bond Buyer;11/5/2002, Vol. 342 Issue 31506, p6
Trade Publication
Reports on the sale of fixed-rate insured bonds by the California Department of Water Resources (DWR) as of November 2002. Opinion of vice president for underwriter J.P. Morgan Securities Inc. on the amount of bond insurance; Portion acquired by Ambac Assurance Corp. and MBIA Insurance Corp.; Plans of DWR for sale of taxable bonds.


Related Articles

  • MBIA, Ambac Lowered. Campbell, Dakin // Bond Buyer;6/6/2008, Vol. 364 Issue 32894, p1 

    The article reports on the downgrade rating given to MBIA Insurance Corp. and Ambac Assurance Corp. after Macquarie Group, the Australian investment bank and infrastructure specialist was reported to be planning to start a bond insurer in the U.S. The insurers' lack of new business prospects,...

  • S&P Adds Claims-Paying, Liquidity Analysis to Annual Reports. Smith, Aaron T. // Bond Buyer;3/27/2003, Vol. 343 Issue 31802, p7 

    Standard & Poor's Corp., the bond rating agency has publicized an analysis on the claims-paying ability and liquidity of bond insurers in its annual reports, the agency announced this week. In a prepared statement released earlier this week, Standard & Poor's said that � cash availability...

  • FSA Takes Top Spot In Ranking. Hanson, Matthew // Bond Buyer;1/14/2008, Vol. 363 Issue 32794, p1 

    The article reports on the year-end rankings of bond insurers for 2007 in the U.S. Financial Security Assurance Inc. was ranked as the busiest bond insurer by covering 1,690 deals worth a combined $46.2 billion. Ambac Assurance Corp. was second with $45.5 billion of total par, and MBIA Insurance...

  • S&P Warns of Pressure on Five Bond Insurers. Fine, Jacob // Bond Buyer;9/9/2005, Vol. 353 Issue 32214, p1 

    Reports on the uncertainty faced by Ambac Assurance Corp., Financial Guaranty Insurance Co., MBIA Insurance Corp., Financial Security Assurance Inc., and ACA Financial Guaranty Corp. due to the magnitude of their exposure in the Gulf Coast region ravaged by Hurricane Katrina. Susceptibility of...

  • Ambac, MBIA Arrange 'Innovative' Capital Funds for Contingencies. Smith, Aaron T. // Bond Buyer;4/1/2002, Vol. 339 Issue 31355, p5 

    Details the banking agreements between Ambac Assurance Corp. and MBIA Insurance Corp. in the U.S. Availability of additional contingent funds in catastrophic events; Advantage gained by both parties; Ratings provided by Moody's Investors Services to the securities issued by trusts.

  • Untitled.  // Bond Buyer;10/16/2006, Vol. 358 Issue 32487, p37 

    The article presents several charts related to bond market in the U. S. One chart shows the top bond counsel for the first nine months of 2006, in which Orrick Herrington & Sutcliffe LLP ranked first having a total dollar amount of $22, 509.8, followed by Sidley Austin LLP with $13, 095.3. Ambac...

  • DWR Seeks $11.95 Billion Deal. Finestone, Deborah // Bond Buyer;8/13/2002, Vol. 341 Issue 31448, p1 

    Reports the request of the Department of Water Resources to increase the amount of revenue bond issuance in California.

  • California DWR Ups Deal to Nearly $12B Following PUC Nod. Finestone, Deborah // Bond Buyer;8/14/2002, Vol. 341 Issue 31449, p48 

    Reports the marketing of revenue bonds by the Department of Water Resources in California. Increase of the financial reserves; Improvement of the credit rating; Decline of the insurance fees.

  • Angelides Sets the Date. Finestone, Deborah // Bond Buyer;9/30/2002, Vol. 342 Issue 31481, p1 

    Reports the sale of variable-rate power revenue bonds by the Department of Water Resources in California. Amount of the bonds; Schedule on the sale; Lead underwriter of the sale.


Read the Article


Sign out of this library

Other Topics