Decline of Monoline Insurers Can Either be a Boon Or a Bane to IP Securitization Investors, Says S&P
January 15, 2010
Apparent over-reliance on monoline insurers is having a significant adverse impact on ratings on corporate and intellectual property securitizations and exposes these transactions to greater servicer transition risk, according to a new Standard & Poor’s report. Recent downgrades of MBIA, Ambac and other monoline insurers have led to negative ratings actions on a number of...