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Keyword: financialguaranty

S&P may cut Financial Guaranty Insurance ratings

03/22/2008 4:27:01 AM PDT · by TigerLikesRooster · 11 replies · 607+ views
Market Watch ^ | 03/21/08 | Sue Chang

SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Friday revised its status on Financial Guaranty Insurance Co. and holding company FGIC Corp. to CreditWatch with negative implications from CreditWatch with developing implications. PMI Group (PMI: 5.92, 0.00, 0.0%) , Financial Guaranty Insurance's principal owner, said recently that it no longer views the company as a strategic investment and will not be participating in any recapitalization plan.

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