Posted by Isabella on 2:29 PM
Reuters: Bankruptcy News | Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com | |
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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