BRADENTON, Fla. - Jefferson County, Ala.'s biggest bond insurers yesterday said they would stand behind their policies on the major portion of the county's outstanding $3.2 billion of sewer debt, most of which is in troubled auction- and variable-rate securities on which interest rates have soared because of bond insurer downgrades.

Financial Guaranty Insurance Co. has $1.19 billion of net par exposure on Jefferson County's variable-rate debt and XL Capital Assurance Inc. has $811 million in exposure.

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