S&P warns of bank downgrades if bond insurers slip:

02/6/2008 | Reuters

Commercial and investment banks could see their credit ratings cut if the bond insurers backing some of the banks' assets are downgraded, Standards & Poor's said. One analyst estimated that U.S. financial institutions could face as much as $70 billion in new writedowns if bond insurers lose their "AAA" ratings.

View Full Article in:

Reuters

Published in Brief: