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Article: Fitch Withdraws CIFG's Ratings.

Article from:
Business Wire
Article date:
October 21, 2008
Copyright

NEW YORK -- Fitch Ratings has withdrawn the ratings of CIFG Guaranty Ltd. and its affiliates.

Fitch has withdrawn the following ratings, which were on Rating Watch Evolving:

CIFG Guaranty, Ltd.

CIFG Assurance North America, Inc.

CIFG Europe

--Insurer financial strength (IFS) 'CCC'.

Fitch believes CIFG's financial guaranty franchise is effectively in run-off at the present time and, as a result, that there is limited investor interest in continued coverage of this rating.

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