Dexia takes steps to protect FSA's triple-A rating

08/7/2008 | Financial Times (free content)

Dexia is striving to keep its triple-A rating by injecting $300 million into Financial Security Assurance, the US bond-insurance unit of the Belgian-French financial group. Dexia said it also plans to stop writing policies on complex-structured debt. Credit-rating agencies previously threatened to downgrade FSA, but after the capital injection and show of financial support from Dexia, Fitch Ratings affirmed FSA's triple-A rating.

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