As I have pointed out before, the major rating agencies are co-dependent with
the major guarantors, and that will only throw the guarantors over the edge if hurts them more to leave the guarantors at AAA.
That will cost them future revenues to cut the ratings of
the major guarantors, but it might save their larger franchises.
Not exact matches
All
guarantors and most
major student loan lenders and servicers (including servicers for Perkins, private / alternative, and institutional loans), as well as the Department of Education, participate in the Clearinghouse.
They overrated the financial
guarantors, who were their
major clients.
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.
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.
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 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.
Assessed
guarantor strength, borrower credit worthiness, industry trends and other
major risks to Bank when lending to customers.