Meanings of financial guaranty in anglès

Radian's financial guaranty business provides insurance and reinsurance of municipal bonds, structured finance transactions and other credit-based risks.

The company is wholly owned by Wachovia Corp WB.N, which formed it as a financial guaranty reinsurer in late 2004.

He said the financial guaranty business received a lot of interest from prospective bidders, but he did not divulge the outcome of the auction.

The lawsuit, which claimed breach of contract, focused on financial guaranty insurance Assured provided in 2006 and 2007 to three mortgage-backed securities transactions.

Major objectors to the plan are the insurance companies Syncora and Financial Guaranty Insurance Co.

Heiman said objections from another bond insurer, Financial Guaranty Insurance Co, have not been resolved.

A spokesman for one of those creditors, bond insurer Financial Guaranty Insurance Co, declined to comment.

Insurer ACA Financial Guaranty Corp was cut to junk status by Standard & Poor's on Wednesday.

She was most recently chief risk officer for Everspan Financial Guaranty, a unit of Ambac Financial Group.

S&P also cut on Wednesday its outlook to negative on AmbacABK.N, XL Capital and Financial Guaranty Insurance.

The case is ACA Financial Guaranty v Goldman Sachs in New York State Supreme Court, New York County No.

The case is ACA Financial Guaranty Corp v. Goldman Sachs & Co, New York State Court of Appeals No.

Assured is responsible for 13 percent, and Financial Guaranty Insurance Co for 10 percent.

ACA Financial Guaranty saw its credit rating cut deep into junk territory earlier this month by Standard & Poor's.

The committee included Detroit's two pension systems, which are its largest unsecured creditors, and bond insurer Financial Guaranty Insurance Co.

Trustee, includes bond insurer Financial Guaranty Insurance Co and the city's two pension systems, which are its biggest unsecured creditors.