Deterioration in Bond Insurer Financial Strength Prompts Moody’s to Revise Ratings Methodology
July 31, 2009
Moody’s Investors Service is updating the methodology it uses for rating structured finance securities that are backed by financial guarantors in light of the deterioration that is occurring in those companies’ financial strength and the continuing challenging environment in which they operate. Specifically, “Moody’s will withdraw the ratings on those structured finance securities...