Create a separate class of muni insurers, distinct
from financial guarantors that can guarantee anything for a fee.
Not exact matches
I quote S&P
from a paragraph entitled, «Time is On Their Side,» in their December 19, 2007 report: «Detailed Results of Subprime Stress Test of
Financial Guarantors.»
I believed that it would be very difficult for the rating agencies to downgrade the
financial guarantors, because they were such a large part of their AAA ratings, and because they would lose money in the short run
from doing so.
The ratings agencies derive so much income
from these major
financial guarantors that their own
financial well - being would be affected by a downgrade.
The main point to bring out is that the rating agencies earned extra money through their ratings of the
financial guarantors, which were overrated, and allowed them and the
financial guarantors to profit
from the need for ratings and
financial guarantee insurance.
Our emphasis has shifted
from being a top
guarantor of new student loans to providing student and
financial aid related solutions to the higher education industry through our new division, Inceptia.
As a report
from the Global CCS institute points out, financing this new infrastructure will be difficult to accomplish using debt because of uncertainty as to CO2 revenues — the report suggests that the World Bank and international lending institutions could finance CCS projects, and «the role of national governments can be as
guarantors, equity partners or
financial supporters.»