Standard & Poor's has become the latest rating agency to publicize analysis on the claims-paying ability and liquidity of bond insurers in its annual reports, the agency announced this week.
"We find it's important to start including it in the annual review," said director Robert E. Green, who authors the reports. "Liquidity has been more in the public view lately."
In a prepared statement released earlier this week, Standard & Poor's said that "cash availability is the key consideration" in a bond insurer's ability to pay claims, and corporate earnings reports "do not always tell the full story and sometimes are not relevant in the context of paying claims." …
