Syncora Guarantee Inc. http://www.alacrastore.com/company-snapshot/Syncora_Guarantee_Inc-2539521 08 Nov 2009 12:11:22 EST 2539521 Syncora Guarantee Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/CMT_0000499739CMT_0000499739moodys/CMT_0000499739html24 Jul 2009 04:40:19 ESThtmlSyncora Guarantee Inc.Syncora Guarantee Inc.600054380150.000023 Jul 2009NewsIssuer CommentCGlobal Credit Research Issuer Comment ## JUL #### Issuer Comment: Syncora Guarantee Inc. Moody's comments on Syncora's progress toward restructuring Syncora Guarantee Inc. ("Syncora", IFSR at Ca, outlook developing) announced that...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/730297730297spcred/730297normglobalpubfinstructured26 Jun 2009 06:28:00 EST100NewsThe latest News from S&PProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersPublic FinanceStructured FinanceNewsUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLNEWSUSA94353#943556Waveland Colorado Ventures, LLCWaveland NCP Alabama Ventures LLCWaveland NCP Texas Ventures II, LPUnited StatesWaveland NCP Texas Ventures LP361454376804390200437383USAABCPABSCDOCMBSCORPFIGLOBISSGOVSINSLEVFINPUBFINRMBSSTRUCUTILCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/CMT_0000486401CMT_0000486401moodys/CMT_0000486401html28 Apr 2009 04:28:42 ESThtmlSyncora Guarantee Inc.Syncora Guarantee Inc.600054380150.000027 Apr 2009NewsIssuer CommentCGlobal Credit Research Issuer Comment ## APR #### Issuer Comment: Syncora Guarantee Inc. Syncora Guarantee announcement does not affect Moody's rating Syncora Guarantee Inc. ("Syncora") announced today that it has been ordered by the...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/717974717974spcred/717974normglobalstructuredpubfin27 Apr 2009 03:54:00 EST100The latest News from S&PNewsUnited StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaPacificLatin AmericaUnited StatesInsuranceInternational Public FinanceUtilitiesPublic FinanceGlobal IssuersAsset-Backed SecuritiesResidential MBSCommercial MBSStructured FinanceCorporationsFinancial InstitutionsCollateralized Debt ObligationsAsset-Backed Commercial PaperNewsUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANUSAEMERGINGEUROMIDAFRLATAMERICAPACXLNEWSGBR40201040 402010 4020 40Syncora Guarantee U.K. Ltd.364926EMERGINGEUROMIDAFRLATAMERICAUSAXLGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILLEVFINABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/717975717975spcred/717975normglobalstructuredpubfin27 Apr 2009 03:54:00 EST175Research UpdateThe latest Research Update from S&PUnited StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaPacificLatin AmericaUnited StatesInsuranceInternational Public FinanceUtilitiesPublic FinanceGlobal IssuersAsset-Backed SecuritiesResidential MBSCommercial MBSStructured FinanceCorporationsFinancial InstitutionsCollateralized Debt ObligationsAsset-Backed Commercial PaperResearch UpdateUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936PACLATAMERICAEUROMIDAFREMERGINGUSACANASIAXLRESUPDBMUUSAGBR81413U90170440201040 402010 4020 4040301040 403010 4030 40Syncora Guarantee U.K. Ltd.Twin Reefs Pass-Through TrustSyncora Holdings Ltd.384025415209364926EMERGINGEUROMIDAFRLATAMERICAUSAXLGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILLEVFINABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/713509spcred/713509norm713509The latest News from S&Ppubfin02 Apr 2009 01:23:00 EST100NewsUnited StatesProperty & Casualty InsuranceLatin AmericaPacificUnited StatesAsiaCanadaEmerging MarketsEurope, Middle East, AfricaGlobal IssuersInternational Public FinanceResidential MBSCorporationsInsuranceAsset-Backed SecuritiesStructured FinanceFinancial InstitutionsCollateralized Debt ObligationsUtilitiesPublic FinanceAsset-Backed Commercial PaperCommercial MBSNewsUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLNEWSGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILLEVFINABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_174655_809717421moodys/PR_174655_809717421htmlPR_174655_809717421Global Credit Research Rating Action # MAR #### Rating Action: Syncora Holdings Ltd. Moody's downgrades Syncora Guarantee to Ca; outlook is developing New York, March ##, #### -- Moody's Investors Service has downgraded to Ca from...10 Mar 2009 04:56:05 ESThtmlSyncora Guarantee Inc.Syncora Guarantee (U.K.) Ltd.; Syncora Guarantee Inc.; Syncora Holdings Ltd.; ...600054380150.0000NewsRating ActionCredit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/699430spcred/699430normThe latest News from S&Ppubfin30 Jan 2009 06:51:00 EST100NewsUnited 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) Jan. 30, 2009--Standard&Poor's Ratings Services today lowered its ratings on four Syncora Guarantee Inc. (formerly XL Capital Assurance Inc.) insurance-supported medium-term note issues and removed the ratings from CreditWatch with developing implications, where they were placed Nov. 25, 2008 (see list). These rating actions follow the Jan. 29, 2009, lowering of our issuer credit and financial strength ratings on Syncora Guarantee to 'CC' from 'B' and our removal of those ratings from CreditWatch developing (see "Syncora Guarantee Inc. Ratings Lowered To 'CC' From 'B'; Outlook Negative" on RatingsDirect at www.ratingsdirect.com. The ratings are based on the full financial guarantee insurance policies provided by Syncora Guarantee, which guarantee the timely payment of interest andUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLNEWSUSA94353#943556Waveland NCP Texas Ventures II, LPWaveland Colorado Ventures, LLCWaveland NCP Alabama Ventures LLCWaveland NCP Texas Ventures LP390200437383361454376804USAGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILLEVFINABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/699027spcred/699027normThe latest News from S&Pstructured29 Jan 2009 01:10:00 EST100NewsUnited StatesProperty & Casualty InsuranceCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesAsiaGlobal IssuersStructured FinancePublic FinanceCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSFinancial InstitutionsInsuranceCorporationsInternational Public FinanceUtilitiesAsset-Backed SecuritiesNewsNEW YORK (Standard&Poor's) Jan. 29, 2009--Standard&Poor's Ratings Services said today that it lowered its issuer credit and financial strength ratings on Syncora Guarantee Inc. (Syncora) to 'CC' from 'B'. Standard&Poor's also said that it removed these ratings from CreditWatch, where they were placed on Nov. 18, 2008, with developing implications. The outlook is negative. The downgrade is the result of Standard&Poor's recent update to its distressed exchange criteria. This update includes the commutation of credit default swaps by bond insurers. Once a distressed offer or commutation is announced or otherwise anticipated, we lower the issuer credit and financial strength ratings to reflect the risk of nonpayment under a financial guarantee policy. WeUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936CANEMERGINGEUROMIDAFRLATAMERICAPACUSAASIAXLNEWSGLOBISSSTRUCPUBFINCDOABCPCMBSRMBSFIINSCORPGOVSUTILLEVFINABSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/699028spcred/699028normThe latest Research Update from S&Ppubfin29 Jan 2009 01:10:00 EST175Research UpdateUnited 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 Jan. 29, 2008, Standard&Poor's Ratings Services lowered its issuer credit and financial strength ratings on Syncora Guarantee Inc. (Syncora) to 'CC' from 'B'. At the same time, Standard&Poor's removed these ratings from CreditWatch, where they were placed on Nov. 18, 2008, with developing implications. The outlook is negative. The downgrade is the result of Standard&Poor's recent update to its distressed exchange criteria. This update includes the commutation of credit default swaps by bond insurers. Once a distressed offer or commutation is announced or otherwise anticipated, we lower the issuer credit and financial strength ratings to reflect the risk of nonpayment under a financial guarantee policy. We generally lower the ratings to 'CC' andUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936CANEMERGINGEUROMIDAFRLATAMERICAPACUSAASIAXLRESUPDGBR40201040 402010 4020 40Syncora Guarantee U.K. Ltd.364926EMERGINGEUROMIDAFRLATAMERICAUSAXLGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILLEVFINABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/684032spcred/684032normThe latest News from S&Pglobalstructuredpubfin18 Nov 2008 03:39:00 EST100News684032United 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) Nov. 18, 2008--Standard&Poor's Ratings Services said today it lowered its financial strength rating on Syncora Guarantee Inc. to 'B' from 'BBB-' and revised the CreditWatch implications to developing from negative. At the same time, Standard&Poor's suspended its ratings on public finance and corporate transactions insured by Syncora that do not have an underlying public rating (SPUR). "The downgrade is the result of the company's delay in implementing its restructuring plan and slow progress in its negotiations with counterparties of its CDO of ABS exposure," said Standard&Poor's credit analyst David Veno. "If management is not successful in its negotiations to develop strategic alternatives for problematic credits in its insured portfolio,USA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLNEWSGLOBISSSTRUCPUBFINFIINSCORPGOVSUTILPROJFINABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/684033spcred/684033normThe latest Research Update from S&Pglobalstructuredpubfin18 Nov 2008 03:39:00 EST175Research Update684033United StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceCorporationsInternational Public FinanceUtilitiesFinancial InstitutionsInsuranceAsset-Backed Commercial PaperCommercial MBSResidential MBSAsset-Backed SecuritiesCollateralized Debt ObligationsResearch UpdateOn Nov. 18, 2008, Standard&Poor's Ratings Services lowered its financial strength rating on Syncora Guarantee Inc. to 'B' from 'BBB-'. The rating remains on CreditWatch, with the implications revised to developing from negative. At the same time, Standard&Poor's suspended its ratings on public finance and corporate transactions insured by Syncora that do not have an underlying public rating (SPUR). The downgrade is the result of the company's delay in implementing its restructuring plan and slow progress in its negotiations with counterparties of its collateralized debt obligation of asset-backed securities exposure. If management is not successful in its negotiations to develop strategic alternatives for problematic credits in its insured portfolio, we believe the financial position of theUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLRESUPDBMUGBRUSA81413U9837FA90170440201040 402010 4020 4040301050 403010 4030 4040301040 403010 4030 40Syncora Guarantee Re Ltd.Syncora Guarantee U.K. Ltd.Twin Reefs Pass-Through TrustSyncora Holdings Ltd.347078364926384025415209LATAMERICAUSAEMERGINGEUROMIDAFRXLXLGLOBISSSTRUCPUBFINCORPGOVSUTILPROJFINFIINSABCPCMBSRMBSABSCDOCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/524291spcred/524291normThe latest News from S&Pglobalstructuredpubfin15 Nov 2008 03:01:53 EST100News524291United StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceCorporationsFinancial InstitutionsInternational Public FinanceInsuranceSovereignsUtilitiesAsset-Backed Commercial PaperAsset-Backed SecuritiesCommercial MBSCollateralized Debt ObligationsResidential MBSNewsNEW YORK (Standard&Poor's) Aug. 2, 2006--Standard&Poor's Ratings Services said today that its financial strength, financial enhancement, and counterparty credit ratings on XL Capital Assurance Inc. (XLCA) and XL Financial Assurance Ltd. (XLFA) will remain 'AAA' following the formation and IPO of their newly created holding company Security Capital Assurance Ltd. (SCA). Standard&Poor's had expressed concern regarding the operating independence and ownership structure of XLCA and XLFA after lowering its financial strength ratings on their respective direct holding companies--XL Reinsurance America Inc. and XL Insurance (Bermuda) Ltd.--to 'A+' from 'AA-' last November. The formation of SCA is expected to improve XLCA's and XLFA's operating independence in several ways. The new holding company will have aUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLNEWSBMUUSA98372P9837FA40201040 402010 4020 4040301050 403010 4030 4040301040 403010 4030 40Financial Security Assurance Inc.XL Reinsurance America Inc.XL Insurance (Bermuda) Ltd.XL Capital Ltd.Syncora Guarantee Re Ltd.107083120024120464120465347078EUROMIDAFRUSAASIAEMERGINGLATAMERICAPACCAN16994Z33034ZXLXLXLGLOBISSSTRUCPUBFINPROJFINCORPFIGOVSINSSOVUTILABCPABSCMBSCDORMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/378067spcred/378067normThe latest Full Report from S&Pglobalstructuredpubfin15 Nov 2008 03:01:25 EST400Full Report378067United StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceInternational Public FinanceCorporationsFinancial InstitutionsInsuranceUtilitiesCommercial MBSAsset-Backed Commercial PaperAsset-Backed SecuritiesResidential MBSCollateralized Debt ObligationsFull ReportThe 'AAA' financial strength and financial enhancement ratings on XL Capital Assurance Inc. (XLCA) are based on the reinsurance support provide by affiliate XL Financial Assurance Ltd. (XLFA), conservative and disciplined underwriting, and key position within XL Capital Ltd's (XLC; A/Negative/--) diversification strategy. At Dec. 31, 2003, an excess capital position relative to retained risk and the reinsurance agreement with XLFA generated a capital adequacy margin of safety of 1.8x-1.9x, which exceeds Standard&Poor's Ratings Services' 'AAA' requirement. Management's patient approach to underwriting has served the company well, as it has produced profitability indices that exceed the industry average. More importantly, the credit quality of business written has not suffered as the company's market share has increased. As aUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLFULLBMU98372P9837FA40301050 403010 4030 4040301040 403010 4030 40XL Capital Ltd.Syncora Guarantee Re Ltd.120465347078EMERGINGEUROMIDAFRLATAMERICAUSAXLXLGLOBISSSTRUCPUBFINGOVSCORPFIINSUTILCMBSABCPABSRMBSCDOCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/339947spcred/339947normThe latest News from S&Pglobalstructuredpubfin15 Nov 2008 03:01:11 EST100News339947United StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsInsuranceInternational Public FinanceAsset-Backed Commercial PaperAsset-Backed SecuritiesResidential MBSCommercial MBSCollateralized Debt ObligationsCorporationsUtilitiesNewsNEW YORK (Standard&Poor's) Oct. 20, 2003-- Standard&Poor's Ratings Services' noted today that its recent rating actions relating to XL Capital Ltd. and XL America Pool members does not affect the 'AAA' financial strength rating of XL Capital Assurance Inc. These rating actions follow XL Capital's announcement of further reserve strengthening at XL Reinsurance America Inc. The strengthening related to additional claims development in core casualty lines that was outside of expectations and existing loss trends, and not claims experienced in the financial guarantee subsidiary. XL Capital Assurance's rating is supported by $123 million in statutory capital, an arms-length quota share reinsurance agreement with affiliate XL Financial Assurance Ltd. ('AAA' rated, stable), and a conservative business model.USA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLNEWSBMUUSA98372P40301050 403010 4030 4040301040 403010 4030 40XL Reinsurance America Inc.XL Capital Ltd.120024120465USAEMERGINGEUROMIDAFRLATAMERICA33034ZXLGLOBISSSTRUCPUBFINFIINSGOVSABCPABSRMBSCMBSCDOCORPUTILCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/247351spcred/247351normThe latest News from S&Pglobalstructuredpubfin15 Nov 2008 03:00:59 EST100News247351United StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceCorporationsFinancial InstitutionsInsuranceUtilitiesInternational Public FinanceAsset-Backed Commercial PaperAsset-Backed SecuritiesResidential MBSCommercial MBSCollateralized Debt ObligationsNewsNEW YORK (Standard&Poor's) May 29, 2002--Standard&Poor's said today that it affirmed its triple-'A' counterparty credit, financial strength, and financial enhancement ratings on XL Capital Assurance Inc. (XLCA) because of implied support from its parent and an arms-length quota share reinsurance agreement with triple-'A' rated affiliate XL Financial Assurance Ltd. on up to 90% of all business written. Standard&Poor's also said that the outlook on this company is stable. "XLCA is a start-up financial guaranty insurer and is its parent, XL Capital Ltd.'s, primary financial guaranty insurance platform," noted Standard&Poor's credit analyst Frederick Loeloff. Standard&Poor's financial enhancement analysis focuses on the willingness and capacity of the company to meet its financialUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLNEWSBMU9837FA98372P40301050 403010 4030 4040301040 403010 4030 40XL Capital Ltd.Syncora Guarantee Re Ltd.120465347078LATAMERICAEMERGINGUSAEUROMIDAFRXLXLGLOBISSSTRUCPUBFINCORPFIINSUTILGOVSABCPABSRMBSCMBSCDOCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/174825spcred/174825normThe latest News from S&Pglobalstructuredpubfin15 Nov 2008 03:00:45 EST100News174825United StatesProperty & Casualty InsuranceAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceInternational Public FinanceCorporationsFinancial InstitutionsInsuranceUtilitiesCommercial MBSAsset-Backed Commercial PaperAsset-Backed SecuritiesResidential MBSCollateralized Debt ObligationsNewsNEW YORK (Standard&Poor's CreditWire) Dec. 6, 2000--Standard&Poor's today assigned its triple-'A' financial enhancement rating to XL Capital Assurance Inc. (XLCA). Standard&Poor's financial analysis focuses on the willingness and capacity of the company to meet its financial commitments on a timely basis. XLCA--a start-up financial guaranty insurance company--is considered strategically important to its parent, XL Capital Ltd., representing the parent's North American financial guaranty insurance platform. Operationally, XLCA will be supported by an arm's length 90% facultative reinsurance agreement with XL Financial Assurance Ltd. (triple-'A' financial enhancement rating) on all business written. Major Rating Factors: -- Extremely strong capital. XLCA's capital adequacy, as estimated by Standard&Poor's bond insurance capital adequacy model, is betweenUSA9837F140301040 403010 4030 40Syncora Guarantee Inc.343936ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAXLNEWSBMU98372P9837FA40301050 403010 4030 4040301040 403010 4030 40XL Capital Ltd.Syncora Guarantee Re Ltd.120465347078EUROMIDAFRUSALATAMERICAEMERGINGXLXLGLOBISSSTRUCPUBFINGOVSCORPFIINSUTILCMBSABCPABSRMBSCDOCredit & Investment ResearchS&P Credit Research