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Moody's Places FSA, Assured Ratings Under Review

The rating service said it was examining the "Aaa" ratings of Financial Security Assurance Inc. (FSA) and Assured Guaranty Corp. for possible downgrade. The rating agency cited elevated risks they fac

By Phil Gusman | Updated on July 22, 2008

Two municipal bond insurers that until now had avoided the difficulties faced by competitors have had their top financial strength ratings placed on review by Moody’s Investors Service.

The rating service said it was examining the “Aaa” ratings of Financial Security Assurance Inc. (FSA) and Assured Guaranty Corp. for possible downgrade. The rating agency cited elevated risks they faced from the residential mortgage market as well as issues with the individual firms as reasons for the review.

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