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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (1638)	9/19/2002 1:07:04 PM
From: nokomis	Respond to of 57110

*ACF*...one to watch @ $7.24.. Fantastic financials. News today: Bond Insurer FSA Reports a High Comfort Level With AmeriCredit Exposure 9/18/2002 5:14:00 PM NEW YORK, Sep 18, 2002 (BUSINESS WIRE) -- Financial Security Assurance (FSA), the Triple-A rated bond insurer, said AmeriCredit's recently announced $500 million public offering to strengthen its capital structure should not raise questions about FSA's exposure to its guaranteed AmeriCredit securitizations. FSA has insured 31 AmeriCredit securitizations backed by auto loans over the past eight years, 14 of which have paid in full. The 17 transactions that remain outstanding are performing within expected parameters. These transactions benefit from strong legal and financial protections, and FSA is entirely comfortable with their current performance. A more detailed description of FSA's guaranteed AmeriCredit securitization program is available on the World Wide Web at www.fsa.com. Financial Security Assurance Inc. (FSA) guarantees scheduled payments of principal and interest of municipal bonds, infrastructure financings and asset-backed securities. FSA's claims-paying ability is rated Triple-A by Fitch Ratings, Moody's Investors Service, Inc., Standard & Poor's Ratings Services and Rating and Investment Information, Inc. Headquartered in New York, FSA is the principal operating subsidiary of Financial Security Assurance Holdings Ltd., a member of the Dexia group. Copyright (C) 2002 Business Wire. All rights reserved.