CIFG Holdings Ltd., the parent company for monoline bond insurer CIFG Assurance NA, late Monday asked Fitch Ratings to remove the insurer financial strength rating it holds for the financial guarantor.

In announcing the request, CIFG cited the fact that Fitch rates a minority of the transactions insured by the financial guarantor. Fitch does not formally rate any of the residential mortgage-backed securities or asset-backed security collateralized debt obligations that so worry the rating agency, and rates less than a third of the global public finance and infrastructure deals that CIFG sees as part of its strategy for growth, the bond insurer said in a statement.

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