Reuters: Bankruptcy News: S&P says U.S. bond insurers' exposure to Detroit manageable

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S&P says U.S. bond insurers' exposure to Detroit manageable Jul 23rd 2013, 20:27 July 23 | Tue Jul 23, 2013 4:27pm EDT July 23 (Reuters) - Another default by bankrupt Detroit would add capital pressure to U.S. bond insurers, but Standard & Poor's Ratings Services said on Tuesday it does not currently expect such a default to lead to ratings actions on the companies. Of the five insurers S&P rates, those with the greatest exposure to Detroit's bonds are Assured Guaranty Ltd and National Public Finance Guarantee Corp, with $2.2 billion and $2.3 billion of net par exposure, respectively.

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