Fitch Cuts Insurer Down To CCC
Fitch Ratings has downgraded CIFG Guaranty and its North American and European affiliates’ insurer strength to CCC from A- following indications that the company might fall below minimum regulatory capital requirements.
-- Leo Shvartsman
Fitch Ratings has downgraded CIFG Guaranty and its North American and European affiliates’ insurer strength to CCC from A- following indications that the company might fall below minimum regulatory capital requirements. Such a scenario, coupled with increased loss provisions, could trigger insolvency proceedings by regulators, which ...Already a subscriber? Login