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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (195380)10/4/2002 3:07:24 PM
From: ild  Read Replies (1) of 436258
 
I need this to be explained to me:
They LIKED they were downgraded. The more they are downgraded the better for their business, right?

Radian To Expand Financial Guaranty Capacity
biz.yahoo.com

...
in response to Standard & Poor's downgrade of its reinsurance unit to AA from AAA.
..."Radian Reinsurance's new AA rating will free significant capital for us to redeploy to Radian Asset Assurance, beginning immediately. ...
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