Report title: Monoline Bank Line Review: Don't Count on Getting Paid
from CreditSights
3509 word report published Apr 08, 2008

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Abstract: We conducted a review of the bank line facilities of the major bond insurers. Given the current amount of severe stress facing many of the monoline financial guarantors, it is extremely unlikely that all stakeholders will be made whole.

Brief Excerpt: Monoline Bank Line Review: Don't Count on Getting Paid In accordance with CreditSights' commitment to analyze the total capital structure of the companies we follow, we have conducted a review of the bank line facilities of the major...

Report Type: Sector Article
Source: CreditSights Inc
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CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.
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