Moody’s Downgrades FGIC to Baa3 (Not Junk Yet, But Close)
The downgrade reflects FGIC’s inability to raise shore-up capital, as well as the likelihood of the bond insurer breaching minimum capital requirements, according to Moody’s.
The downgrade reflects FGIC’s inability to raise shore-up capital, as well as the likelihood of the bond insurer breaching minimum capital requirements, according to Moody’s.