Triple-A rated CIFG Guaranty was placed on review for a possible downgrade today by Moody's Investors Service, because of concerns about mounting losses on the collateralized debt obligations the company insures and uncertainty over the future direction of CIFG's business.

"The rating action reflects the weakened capital profile of the group as a result of its mortgage and mortgage-related CDO exposures, as well as uncertainty over CIFG's future strategic direction," Moody's said in a release.

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