Insurance

Fitch: Financial Guarantors Adversely Affected by Credit Spread Widening 

Fitch Ratings today said it has released a new report examining the effect of the 2007 subprime crisis on the bond insurer industry. From the press release: While the bond insurer industry has remained fairly well-insulated from the problems being faced in these sectors, Fitch believes problems that began in the U.S. subprime mortgage market have caused credit spreads to widen in the financial guaranty industry, as well as many other sectors of the capital markets.