New ratings blow for monoline FSA

Financial Security Assurance, the New York-based monoline insurance company that is part of the Dexia Group, has seen its AAA rating put on negative outlook by Standard & Poor's.

The monoline announced its financial results on August 6, revealing a net loss of $330.5 million for the second quarter this year, and announced its exit from the structured finance business. That business involves writing protection of senior tranches of CDOs of ABS and direct ABS exposure through residential mortgage

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here