Recent turbulence in the bond insurance industry has led to a change of policy in how Fitch Ratings will look at insured bonds, and to a consideration of how a solution to the financial guarantors’ capital concerns might look.

Fitch Friday announced a change in policy regarding bonds insured by downgraded monoline bond insurers. It says it will withdraw its rating in cases where Fitch does not assign an underlying rating and the insurer is downgraded below an underlying rating assigned by Moody’s Investors Service or Standard & Poor’s.

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