TITLE

Puerto Rico Review Credit Negative for Insurers

AUTHOR(S)
Renick, Oliver
PUB. DATE
December 2013
SOURCE
Bond Buyer;12/18/2013, Vol. 122 Issue 34030, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information that Moody's Investors Service Inc. has reviewed the Baa3-rated general obligation bonds of Puerto Rico for a downgrade for bond insurers Assured Guaranty Ltd. and National Public Finance Guarantee Corp. a subsidiary of MBIA (Municipal Bond Insurance Association) Inc. It states that Moody's has assessed the weakening liquidity and reliance on external short-term debt of the obligation bonds.
ACCESSION #
93260051

 

Related Articles

  • Market Close: Puerto Rico Turmoil Leads to Wider Insurer CDS Spreads. Bonello, Maria; Flynn, Hillary // Bond Buyer;7/11/2014, Vol. 1 Issue F326, p1 

    The article focuses on the concerns over the Puerto Rico's debt distress which has widened five-year credit default swap (CDS) as reported by credit ratings firm Fitch Ratings. It mentions that the state's debt distress has raised for bond insurers Assured Guaranty and MBIA's National Public...

  • Moody's Downgrades Lake Elsinore, Calif., School District. Webster, Keeley // Bond Buyer;10/29/2013, Vol. 122 Issue 34003, p1 

    The article offers information that Moody's Investors Service Inc. has downgraded the rating of its notches to A2 from Aa3 by a rating agency of Lake Elsinore Unified School District of California on October 25, 2013. It states that the downgradation reflects the narrow liquidity and reserves of...

  • Moody's Upgrades MBIA's National Insurer Unit to Baal. CHIN, TONYA // Bond Buyer;5/23/2013, Vol. 384 Issue 33917, p3 

    The article reports that the rating agency Moody's Investors Service Inc. has upgraded the ratings of National Public Finance Guarantee Corp. and the financial service company MBIA Inc. as they resolved their soured mortgage-backed securities deals.

  • Moody's Seeks Comment on Methodology Changes for Financial Guarantor Ratings. Bonello, Maria // Bondbuyer.com;8/5/2014, p22 

    The article reports on proposed changes in the rating method used by credit rating firm Moody's Investors Service for financial guarantors in 2014. Topics covered include the problem with the housing market of the U.S. as well as the recovery of the country's National Finance Guarantee agency....

  • Moody's downgrades MBIA. Gallagner, Patrick // Westchester County Business Journal;12/26/2011, Vol. 47 Issue 52, p3 

    The article reports on the Moody's Investors Service's downgrading of MBIA Inc. and its subsidiary National Public Finance Guarantee Corp. despite its settlement with securities firm Morgan Stanley on December 13, 2011.

  • Puerto Rico PFC Default Credit Negative for Exposed Insurers: Moody's. Weitzman, Aaron // Bond Buyer;8/11/2015, Vol. 1 Issue 34358, p1 

    The default by the Puerto Rico Public Finance Corporation is a credit negative for bond insurers MBIA Inc. and Assured Guaranty, who each have approximately $5 billion of exposure to the commonwealth, according to a report issued by Moody's Investors Service.

  • Open Solutions Is on Default Danger List. SIEGRIEST, LINDSEY // Credit Union Times;3/25/2009, Vol. 20 Issue 12, p1 

    The article reports that Open Solutions Inc. has been listed among 283 companies most likely to default on their debts by Moody's Investors Service. It is stated that Open Solutions was downgraded by Moody's from a corporate family rating of B2 to B3 and revised the company's ratings outlook to...

  • U.S. CMBS Quarter Loss Severities Decline. Dymi, Amilda // National Mortgage News;6/4/2012, Vol. 36 Issue 36, p1 

    The article provides information on the commercial mortgage backed securities (CMBS) conduit loans in the U.S. which shows a liquidation rate of 40.5 percent in the fourth quarter of 2011. It informs about a report by Moody' Investors Service Inc. which revealed that from April 1, 2011 to March...

  • Moody's upgrades Supervalu ratings.  // Supermarket News Expert Blog;5/16/2014, p1 

    The article discusses the upgrading of the grocery chain Supervalu's debt ratings and profile outlook by Moody's Investors Service, to improve Supervalu profit and credit profile. It mentions the changes made to the company's credit profile which includes upgrading of corporate family rating,...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics