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Finance 431: Property-Liability Insurance - page 26 / 35

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Rating Cuts

ACA Financial Guaranty Corp.

S&P cuts rating from A to CCC

Ambac Assurance Corporation

Rating cuts by Fitch from AAA to AA with outlook negative.   S&P and Moody’s remain AAA/Aaa with outlook negative.

Assured Guaranty Corp.

Fitch, S&P, and Moody’s all remain AAA/Aaa with stable outlook.

CIFG

Fitch cuts rating from AAA to AA- to A- with outlook negative.  S&P cuts rating from AAA to A+ with outlook negative.          Moody’s cuts rating from Aaa to A1 with outlook stable.

MBIA Insurance Corp.

Fitch cuts ratings from AAA to AA with negative outlook.  Moody’s and S&P remain Aaa/AAA with negative outlook.

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