ACA: I suspect ACA could be at risk if there is any damage to the derivatives market or structured credit issues; my knowledge in this area is limited so any counter opinion welcome. Call it a guilt by association concern.
ACA Capital Holdings, Inc., a holding company, provides asset management services and credit protection products to participants in the credit derivatives markets, structured finance capital markets, and municipal finance capital markets worldwide. The company, through its ACA Management, L.L.C. subsidiary, provides various asset management services. It manages collateralized debt obligations or CDOs. The company sponsors CDOs that acquire pools of fixed-income assets that it selects and manages. ACA Capital Holdings, through its financial guaranty insurance subsidiary, ACA Financial Guaranty Corporation, offers credit protection products. ACA Financial has two insurance lines of business, Structured Credit and Municipal Finance. Structured Credit business selects, structures, and sells credit protection through insured credit swaps in the institutional fixed income markets. The financial assets underlying its insured credit swaps principally include corporate credits, asset backed securities (ABS), and mortgaged backed securities. Municipal Finance business provides financial guaranty insurance on municipal and other public finance bonds that guarantee to the investor the timely payment of interest and the ultimate payment of principal on such obligations. It is licensed to provide financial guaranty insurance in all 50 states of the U.S., the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands. ACA Capital Holdings was founded in 1997. It was formerly known as American Capital Access Holdings, Ltd. and changed its name to ACA Capital Holdings, Inc. in 2004. The company is headquartered in New York, New York |
