TITLE

Ackman Casts First Doubt on Monolines

AUTHOR(S)
G. S.
PUB. DATE
January 2008
SOURCE
Asset Securitization Report;1/14/2008, Vol. 8 Issue 2, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the implication of Bill Ackman's presentation on monoline insurance companies. Monolines appear to be the main target in the securitization market's game of mortgage loss supposition. Sources claimed that revisions to rating agency criteria for guarantors and the negative outlooks were the most displeasing points to these bond insurers in 2007. Rating agencies said that their ratings on monolines reflected each guarantor's ability to endure potential losses.
ACCESSION #
28516808

 

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