Bond Insurers News

Stockton, California Set for Bankruptcy Hearing; Bond Insurer Vows Fight

Lawyers for Stockton, California will appear for the first time in a Sacramento court this week to make their case for protecting the city from its creditors in bankruptcy. Stockton, a city of nearly 300,000 in California’s Central Valley, filed …

S&P Could Downgrade Bond Insurers

Standard & Poor’s could downgrade bond insurers by a full category or more if new ratings standards for the sector are implemented and the companies do not raise more capital, the agency said Monday. Bond insurers’ shares fell sharply, as …