S&P cuts crucial ratings on more bond insurers (AP via Yahoo! Finance)

Story date: 2008-06-09 06:52:51
Added on: 2008-06-09 06:57:42

Credit ratings agency Standard & Poor's said Friday evening it cut the financial strength ratings of bond insurers XL Capital Assurance and CIFG Guaranty, while placing a negative watch on Financial Guaranty Insurance Co.


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