The ratings agencies derive so much income from
these major financial guarantors that their own financial well - being would be affected by a downgrade.
With the major rating agencies and
the major financial guarantors, they are locked in a co-dependent relationship, one that I highlighted in a RealMoney article three years ago.
I offered him four macro topics, and he took the most topical one, Buffett's offer to reinsure the muni business of
the major financial guarantors.
Not exact matches
They overrated the
financial guarantors, who were their
major clients.
The last time
financial guarantors went broke in a
major way was during the Great Depression.
MBIA Corp.'s ability to attract new business and to compete with other triple - A rated
financial guarantors is largely dependent on the triple - A
financial strength ratings assigned to it by the
major rating agencies and the
financial enhancement rating assigned by S&P.
In the fourth quarter of 2007, deterioration in the RMBS and CDO sectors resulted in the
major rating agencies reassessing the capital adequacy ratios of
financial guarantors to reflect deterioration in the expected performance of transactions within the
financial guarantors» insured portfolios.