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S&P Credit Research1629 word report
published Nov 24, 2009
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$175.00 available for immediate download
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S&P Credit Research
| Abstract: | Radian Asset Assurance, a New York-based monoline bond insurer being run off by its parent, Radian Guaranty Inc., has significant exposure to several asset classes that have experienced deterioration and higher capital charges and that could result in losses. The CDO of corporate exposure represents more than 42% of total exposure. This concentration, in our opinion, exposes the company to significant loss in certain adverse scenarios. We're lowering the financial strength, financial enhancement, and corporate credit ratings to 'BB' from 'BBB-'. The ratings remain on CreditWatch with negative implications reflecting the potential for an additional downgrade if the rating on parent company Radian Guaranty Inc. (financial strength rating: BB-/Watch Neg) is lowered. On Nov. 24, 2009, Standard&Poor's Ratings
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Radian Asset Assurance Inc. Ratings Lowered To '##' From '###-'; Ratings Remain On Watch Negative Publication date: 24-Nov-2009 Primary Credit Analyst: Dick P Smith, New York (1) 212-438-2095;...
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| Report Type: | Research Update
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| Ticker: | 5406Z
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| Issuer: | Radian Asset Assurance Inc.
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| GICS: | Property & Casualty Insurance (40301040)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Ratings On Four Radian Asset Assurance Inc. Insurance-Supported CAPCO Medium-Term Note Issues Lowered To 'BB-' $100.00
NEW YORK (Standard&Poor's) Dec. 30, 2009--Standard&Poor's Ratings Services today lowered its ratings on four certified capital company tax credit (CAPCO) medium-term note issues that are supported by insurance policies from Radian Asset Assurance ...
- Radian Asset Assurance Inc. Ratings Lowered To 'BB' From 'BBB-'; Ratings Remain On Watch Negative $100.00
Radian Asset Assurance, a New York-based monoline bond insurer being run off by its parent, Radian Guaranty Inc., has significant exposure to several asset classes that have experienced deterioration and higher capital charges and that could ...
- Four Radian Asset Assurance Inc. Insurance-Supported MTN Issue Ratings Lowered To ?BBB-?; Remain On Watch Negative $100.00
NEW YORK (Standard&Poor's) April 23, 2009--Standard&Poor's Ratings Services today lowered its ratings on four Radian Asset Assurance Inc. (Radian) insurance-supported medium-term note issues to 'BBB-' from 'BBB+'. The ratings remain on CreditWatch ...
- Ratings On Four Radian-Insured Emerging Market ABS Deals Lowered, Remain On Watch Negative $100.00
NEW YORK (Standard&Poor's) June 17, 2008--Standard&Poor's Ratings Services today lowered its ratings on four emerging market asset-backed securities future flow securitizations. The ratings remain on CreditWatch with negative implications, ...
- Radian Asset Assurance Inc. Rating Lowered To 'A' And Kept On CreditWatch Negative $100.00
NEW YORK (Standard&Poor's) June 16, 2008--Standard&Poor's Ratings Services said today it lowered its financial strength rating on New York City-based Radian Asset Assurance Inc. (Radian Asset) to 'A' from 'AA'. The rating remains on CreditWatch ...
- Summary: Radian Asset Assurance Inc. $175.00
The 'AA' financial strength and financial enhancement ratings on Radian Asset Assurance Inc. (Radian Asset) reflect the enhancements the company has made to its underwriting and risk management areas, improving production results in the company's ...
- Radian Asset Assurance Inc. $400.00
The 'AA' financial strength and financial enhancement ratings on Radian Asset Assurance Inc. (Radian Asset) reflect the enhancements the company has made to its underwriting and risk management areas, improving production results in the company's ...
- Radian Asset Assurance Inc. Outlook Revised To Stable On Improved Business Operations $100.00
NEW YORK (Standard&Poor's) June 29, 2006--Standard&Poor's Ratings Services revised its outlook on Radian Asset Assurance Inc.'s (Radian Asset) 'AA' counterparty credit and financial strength ratings to stable from negative based on enhancements ...
