Analysts Comment on Rumored Sale of FGIC; Financial Health Is Key to Retaining AAA Rating
March 7, 2003
There is rising concern on Wall Street over rumors that General Electric may sell its triple-A rated Financial Guaranty Insurance Co., with double-A rated Radian as the likely buyer. Capital market participants are asking whether a lower-rated parent company might affect the ability of the AAA-rated FGIC to do business. FGIC is a highly profitable financial guaranty company. Most of