Syncora Guarantee Inc. http://www.alacrastore.com/company-snapshot/Syncora_Guarantee_Inc-2539521 Saturday, September 06, 2008 8:52:51 PM 2539521 Syncora Guarantee Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/432855_pr_framefitch/432855_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Syncora Guarantee (U.K.) LimitedSyncora Guarantee Inc.Syncora Guarantee Re Ltd.Syncora Holdings Ltd8009039380090394800921438170030482045389850986739/5/2008 6:31:00 PM0101030001010301010103080301050385Press ReleaseSCA432855_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/428980_pr_framefitch/428980_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Syncora Guarantee (U.K.) LimitedSyncora Guarantee Inc.Syncora Guarantee Re Ltd.Syncora Holdings Ltd80090393800903948009214381700304850986738/11/2008 10:11:00 AM0101030001010301010103080301050385Press ReleaseSCA428980_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PR_160695_809717421moodys/PR_160695_809717421htmlGlobal Credit Research Rating Action # AUG #### Rating Action: Syncora Holdings Ltd. Moody's reviews Syncora Guarantee's rating for possible upgrade; Syncora Holding's debt ratings confirmed with negative outlook New York, August ##,...8/7/2008 1:54:14 AMhtmlSyncora Holdings Ltd.Twin Reefs Pass-Through TrustSyncora Guarantee (U.K.) Ltd.Syncora Guarantee Re Ltd.Syncora Guarantee Inc.Syncora Guarantee (U.K.) Ltd.; Syncora Guarantee Inc.; Syncora Guarantee Re Ltd.; ...809717421807975340600066765600061532600054380150.0000NewsRating ActionPR_160695_809717421Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_160527_809717421moodys/PR_160527_809717421htmlGlobal Credit Research Announcement # AUG #### Announcement: Security Capital Assurance Ltd Moody's: answers to FAQs about financial guarantors New York, August ##, #### -- Moody's Investors Service has released a new special report...8/6/2008 1:24:56 AMhtmlSecurity Capital Assurance LtdAssured Guaranty Ltd (Bermuda)CIFG Assurance North America, Inc.Assured Guaranty Re Ltd.CIFG EuropeCIFG GuarantyXL Financial Assurance Ltd.XL Capital Assurance Inc.FGIC CorporationMBIA Inc.Assured Guaranty CorpAmbac Assurance CorporationFinancial Security Assurance Holdings Ltd.Financial Guaranty Insurance CompanyFinancial Security Assurance Inc.Ambac Financial Group, Inc.MBIA Insurance CorporationAmbac Assurance Corporation; Ambac Financial Group, Inc.; Assured Guaranty Corp; ...809717421807527412600065337600062868600062563600062560600061532600054380600044506600015323600010707600010209599400278120278085252500252400150.0000NewsAnnouncementPR_160527_809717421Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/662110spcred/662110normThe latest News from S&Pglobalstructuredpubfin7/30/2008 11:32:23 AM100News662110United StatesProperty & Casualty InsuranceCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesAsiaGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsInsuranceCorporationsInternational Public FinanceUtilitiesAsset-Backed SecuritiesCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSNewsNEW YORK (Standard&Poor's) July 29, 2008--Standard&Poor's Ratings Services said today its 'BBB-' financial strength ratings on XL Capital Assurance Inc. (XLCA) and XL Financial Assurance Ltd. (XLFA) remain on CreditWatch with negative implications, following Security Capital Assurance Ltd.'s (SCA) announcement on July 28, 2008, of a proposed $1.8 billion capital injection and 8-million-share contribution by XL Capital Ltd. and the commutation of the credit default swaps (CDS) totaling $3.74 billion that were in dispute with Merrill Lynch&Co. Inc. As part of ongoing efforts to strengthen the financial condition of the companies, it was also announced that XLCA's management will continue discussions with swap counterparties to commute, terminate, or restructure the remaining credit default swapsUSA9837F140301040 403010 4030 40XL Capital Assurance Inc.343936CANEMERGINGEUROMIDAFRLATAMERICAPACUSAASIAXLNEWSGBRBMU81413U98372P9837FA40301040 403010 4030 4040301050 403010 4030 4040201040 402010 4020 40Security Capital Assurance Ltd.XL Financial Assurance Ltd.XL Capital Assurance (U.K.) Ltd.XL Capital Ltd.120465347078364926415209EUROMIDAFRUSALATAMERICAEMERGINGXLXLXLGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/662111spcred/662111normThe latest Research Update from S&Pglobalstructuredpubfin7/30/2008 11:32:23 AM175Research Update662111United StatesProperty & Casualty InsuranceCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesAsiaGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsInsuranceCorporationsInternational Public FinanceUtilitiesAsset-Backed SecuritiesCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSResearch UpdateOn July 29, 2008, Standard&Poor's Ratings Services said its 'BBB-' financial strength ratings on XL Capital Assurance Inc. (XLCA) and XL Financial Assurance Ltd. (XLFA) remain on CreditWatch with negative implications, following Security Capital Assurance Ltd.'s (SCA) announcement on July 28, 2008, of a proposed $1.8 billion capital injection and 8-million-share contribution by XL Capital Ltd. and the commutation of the credit default swaps (CDS) totaling $3.74 billion that were in dispute with Merrill Lynch&Co. Inc. As part of ongoing efforts to strengthen the financial condition of the companies, it was also announced that XLCA's management will continue discussions with swap counterparties to commute, terminate, or restructure the remaining credit default swaps portfolio. While these actionsUSA9837F140301040 403010 4030 40XL Capital Assurance Inc.343936CANEMERGINGEUROMIDAFRLATAMERICAPACUSAASIAXLRESUPDBMUGBR81413U98372P9837FA40301050 403010 4030 4040201040 402010 4020 4040301040 403010 4030 40Security Capital Assurance Ltd.XL Financial Assurance Ltd.XL Capital Assurance (U.K.) Ltd.XL Capital Ltd.120465347078364926415209EUROMIDAFRUSAEMERGINGLATAMERICAXLXLXLGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_160151_809717421moodys/PR_160151_809717421htmlGlobal Credit Research Rating Action ## JUL #### Rating Action: Security Capital Assurance Ltd Moody's reviews ratings of Security Capital Assurance subs XLCA and XLFA with direction uncertain; debt ratings reviewed for possible downgrade...7/30/2008 1:34:55 AMhtmlSecurity Capital Assurance LtdTwin Reefs Pass-Through TrustXL Capital Assurance (U.K.) LimitedXL Financial Assurance Ltd.XL Capital Assurance Inc.Security Capital Assurance Ltd; Twin Reefs Pass-Through Trust; ...809717421807975340600066765600061532600054380150.0000NewsRating ActionPR_160151_809717421Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/427462_pr_framefitch/427462_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Syncora Guarantee (U.K.) LimitedSyncora Guarantee Inc.Syncora Guarantee Re Ltd.Syncora Holdings Ltd80090393800903948009214381700304850986737/29/2008 2:15:00 PM0101030001010301010103080301050385Press ReleaseSCA427462_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/393418_report_framefitch/393418_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Financial Guaranty Insurance CompanyACE Capital Re International Ltd.Assured Guaranty LimitedSyncora Guarantee Inc.CIFG Assurance North America, Inc.Syncora Holdings LtdFGIC CorporationFinancial Security Assurance, Inc.CDC IXIS Financial GuarantySyncora Guarantee Re Ltd.80091718804171798008909980089831843790698008961380090393803612238036122280089501800898308009039480089704800920698009061085098673808673377/17/2008 2:17:00 PM01010000010103050101030101010300275Special ReportSCAAGO393418_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PR_157788_809717421moodys/PR_157788_809717421htmlGlobal Credit Research Rating Action ## JUN #### Rating Action: Security Capital Assurance Ltd Moody's downgrades Security Capital Assurance subs XLCA and XLFA to B#; outlook is negative New York, June ##, #### -- Moody's Investors...6/21/2008 12:35:00 AMhtmlSecurity Capital Assurance LtdTwin Reefs Pass-Through TrustXL Capital Assurance (U.K.) LimitedXL Financial Assurance Ltd.XL Capital Assurance Inc.Security Capital Assurance Ltd; Twin Reefs Pass-Through Trust; ...809717421807975340600066765600061532600054380150.0000NewsRating ActionPR_157788_809717421Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/654393spcred/654393normThe latest Full Report from S&Pglobalstructuredpubfin6/17/2008 10:49:40 AM400Full Report654393United StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsInsuranceCorporationsInternational Public FinanceUtilitiesAsset-Backed SecuritiesCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSFull ReportOn June 6, 2008, Standard&Poor's Ratings Services lowered its financial strength ratings on XL Capital Assurance Inc. (XLCA) to 'BBB-' from 'A-'. The rating remains on CreditWatch with negative implications. The downgrade reflects our current assessment of potential losses on the company's 2005-2007 vintage residential mortgage-backed security (RMBS) exposure, direct and indirect, which is higher than previous estimates. In our view, XLCA's and XL Financial Assurance Ltd.'s (XLFA) combined capital cushion is inadequate at the previous rating level to absorb those losses, resulting in a shortfall of approximately $500 million. The company has presented various strategies to address the capital shortfall, but in our opinion, management has been unsuccessful in its efforts. The company's franchise, in our view,USA9837F140301040 403010 4030 40XL Capital Assurance Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLFULLGBRBMUUSA4726289837FA47265447267547265381413U47268247269040301050 403010 4030 4040201040 402010 4020 40Security Capital Assurance Ltd.XL Capital Assurance (U.K.) Ltd.XL Financial Assurance Ltd.Jefferson Cnty10928347078364926415209EMERGINGEUROMIDAFRLATAMERICAUSAXLXLGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/654394spcred/654394normThe latest Summary from S&Pglobalstructuredpubfin6/17/2008 10:49:40 AM175Summary654394United StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsInsuranceCorporationsInternational Public FinanceUtilitiesAsset-Backed SecuritiesCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSSummaryOn June 6, 2008, Standard&Poor's Ratings Services lowered its financial strength ratings on XL Capital Assurance Inc. (XLCA) to 'BBB-' from 'A-'. The rating remains on CreditWatch with negative implications. The downgrade reflects our current assessment of potential losses on the company's 2005-2007 vintage residential mortgage-backed security exposure, direct and indirect, which is higher than previous estimates. In our view, XLCA's and XL Financial Assurance Ltd.'s (XLFA) combined capital cushion is inadequate at the previous rating level to absorb those losses, resulting in a shortfall of approximately $500 million. The company has presented various strategies to address the capital shortfall, but in our opinion, management has been unsuccessful in its efforts. The company's franchise, in our view, isUSA9837F140301040 403010 4030 40XL Capital Assurance Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLSUMMARYBMU81413U9837FA40301050 403010 4030 40Security Capital Assurance Ltd.XL Financial Assurance Ltd.347078415209USALATAMERICAXLGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/652733spcred/652733normThe latest Research Update from S&Pglobalstructuredpubfin6/6/2008 6:34:03 PM175Research Update652733United StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsInsuranceCorporationsInternational Public FinanceUtilitiesAsset-Backed SecuritiesCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSResearch UpdateOn June 6, 2008, Standard&Poor's Ratings Services lowered its financial strength ratings on XL Capital Assurance Inc. (XLCA) and XL Financial Assurance Ltd. (XLFA) to 'BBB-' from 'A-'. The ratings remain on CreditWatch with negative implications. The downgrade reflects our current assessment of potential losses on the companies' 2005-2007 vintage RMBS exposure, direct and indirect, which is higher than previous estimates. In our view, XLCA and XLFA's combined capital cushion is inadequate at the previous rating level to absorb those losses, resulting in a shortfall of approximately $500 million. The companies have presented various strategies to address the capital shortfall, but in our opinion, management has been unsuccessful in its efforts. The companies' franchise, in our view, isUSA9837F140301040 403010 4030 40XL Capital Assurance Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLRESUPDGBRBMU9837FA40301050 403010 4030 4040201040 402010 4020 40XL Financial Assurance Ltd.XL Capital Assurance (U.K.) Ltd.347078364926EMERGINGEUROMIDAFRUSALATAMERICAXLXLGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/652732spcred/652732normThe latest News from S&Pglobalstructuredpubfin6/6/2008 6:34:00 PM100News652732United StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsInsuranceCorporationsInternational Public FinanceUtilitiesAsset-Backed SecuritiesCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSNewsNEW YORK (Standard&Poor's) June 6, 2008--Standard&Poor's Ratings Services lowered its financial strength ratings on XL Capital Assurance Inc. (XLCA) and XL Financial Assurance Ltd. (XLFA) to 'BBB-' from 'A-'. The ratings remain on CreditWatch with negative implications. The downgrade reflects our current assessment of potential losses on the companies' 2005-2007 vintage RMBS exposure, direct and indirect, which is higher than previous estimates. In our view, XLCA and XLFA's combined capital cushion is inadequate at the previous rating level to absorb those losses, resulting in a shortfall of approximately $500 million. The companies have presented various strategies to address the capital shortfall, but in our opinion, management has been unsuccessful in its efforts. The companies' franchise, inUSA9837F140301040 403010 4030 40XL Capital Assurance Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLNEWSBMU9837FA40301050 403010 4030 40XL Financial Assurance Ltd.347078USALATAMERICAXLGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_155256_820795159moodys/PR_155256_820795159htmlGlobal Credit Research Announcement ## MAY #### Announcement: Berkshire Hathaway Assurance Corporation Moody's says worsening second lien RMBS could impact financial guarantor ratings New York, May ##, #### -- Moody's Investors Service...5/14/2008 12:31:00 AMhtmlBerkshire Hathaway Assurance CorporationRadian Asset Assurance, Inc.CIFG Assurance North America, Inc.XL Financial Assurance Ltd.XL Capital Assurance Inc.Assured Guaranty CorpAmbac Assurance CorporationFinancial Guaranty Insurance CompanyFinancial Security Assurance Inc.MBIA Insurance CorporationMBIA Mexico, S.A. de C.V.FSA Seguros Mexico S.A. de C.V.Radian Asset Assurance LimitedFGIC UK LimitedMBIA UK Insurance LimitedAssured Guaranty (UK) LtdMBIA Insurance Corporation of IllinoisXL Capital Assurance (U.K.) LimitedAnchorage Finance Sub-Trust IVAnchorage Finance Sub-Trust IIIAnchorage Finance Sub-Trust IIAnchorage Finance Sub-Trust IAssured Guaranty Re Ltd.CIFG EuropeCIFG GuarantyDutch Harbor Finance Sub-Trust IVDutch Harbor Finance Sub-Trust IIIDutch Harbor Finance Sub-Trust IIDutch Harbor Finance Sub-Trust IFinancial Security Assurance Intl Ltd.FGIC CorporationAmbac Assurance UK LimitedMBIA Inc.MBIA Assurance S.A.Financial Security Assurance Holdings Ltd.Capital Markets Assurance CorporationAmbac Financial Group, Inc.Ambac Assurance Corporation; Ambac Assurance UK Limited; Ambac Financial Group, Inc.; ...820795159600066481600065337600061532600054380600010707600010209278120278085252400820551910820347605815013456808020733807806478807736578777400600066765600065183600065182600065181600065180600062868600062563600062560600062157600062156600062155600062154600045670600044506600022758600015323600012081599400577500252500150.0000NewsAnnouncementPR_155256_820795159Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_155074_809717421moodys/PR_155074_809717421htmlGlobal Credit Research Announcement # MAY #### Announcement: Security Capital Assurance Ltd Moody's continues review of Security Capital Assurance's ratings following earnings announcement New York, May ##, #### -- Moody's Investors...5/10/2008 2:41:37 AMhtmlSecurity Capital Assurance LtdTwin Reefs Pass-Through TrustXL Capital Assurance (U.K.) LimitedXL Financial Assurance Ltd.XL Capital Assurance Inc.Security Capital Assurance Ltd; Twin Reefs Pass-Through Trust; ...809717421807975340600066765600061532600054380150.0000NewsAnnouncementPR_155074_809717421Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/380484_report_framefitch/380484_report_framepdfXL Capital Assurance (U.K.) LimitedXL Capital Assurance, Inc.800903948009214380417179820453893/28/2008 2:14:52 PM010103000101030101010308275Special Report380484_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/415072_pr_framefitch/415072_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Financial Guaranty Insurance CompanyXL Capital Assurance, Inc.80089099800903943/28/2008 10:16:34 AM0101030185Press Release415072_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/380264_report_framefitch/380264_report_framepdfFGIC CorporationFGIC UK LimitedXL Capital Assurance (U.K.) LimitedXL Capital Assurance, Inc.80090394800921438041717980867337817256893/27/2008 6:25:50 PM01010000010103000101030101010308275Special Report380264_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/380282_report_framefitch/380282_report_framepdfFGIC CorporationFGIC UK LimitedXL Capital Assurance (U.K.) LimitedXL Capital Assurance, Inc.80090394800921438041717980867337817256893/27/2008 6:25:50 PM01010000010103000101030101010308275Special Report380282_report_frameCredit & Investment ResearchFitch Research