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Fitch Downgrades FGIC to AA 

Jan 30, 2008By

Making it the third AAA-rated bond insurer to lose its top credit rating, Fitch Ratings said Wednesday that it had downgraded Financial Guaranty Insurance Company, the fourth largest monoline, to a AA rating. The two-notch downgrade comes as the guarantor failed to meet a deadline for strengthening capital, Fitch said. From the press statement:

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Updated 11 months ago