Bond insurer trials threaten banks as Ross circles (EARTHtimes.org)
Story date: 2008-02-05 10:55:58
Added on: 2008-02-05 12:00:19
NEW YORK (Reuters) - Commercial and investment banks could see their credit ratings cut if the bond insurers which hedge some of their assets were themselves downgraded, Standard &Poor's said on Tuesday, as billionaire investor Wilbur Ross mulled whether to invest $1 billion or more in the sector.
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