Search
 

CIFG Downgraded 11 Notches By Fitch

Fitch has downgraded the Insurer Financial Strength (IFS) ratings of bond insurer CIFG Guaranty and its affiliates by 11 notches, from 'A-' to 'CCC,' due a greater risk of the company falling below re

By Phil Gusman | Updated on May 30, 2008

Fitch has downgraded the Insurer Financial Strength (IFS) ratings of bond insurer CIFG Guaranty and its affiliates by 11 notches, from ‘A-’ to ‘CCC,’ due a greater risk of the company falling below regulatory minimum capital requirements.

Fitch said it based its assessment in part on conversations with CIFG’s management. The rating agency said CIFG indicated that it may be at greater risk of falling below minimum capital requirements.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.