Moody’s Investors Service late Wednesday downgraded to 'Ca' from 'Caa2' the insurance financial strength ratings of CIFG Guaranty, CIFG Europe and CIFG Assurance North America.

The decision, which concludes a review initiated in August, reflects increased loss estimates on some of the company’s CDOs.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.