In a market where bond insurance is the concern of every conversation, the fourth-quarter and year-end results for 2007 reported by the last two bond insurers left unblemished from recent rating downgrades and warnings may come as some relief.

Financial Security Assurance Ltd., the holding company for triple-A rated Financial Security Assurance Inc., announced fourth-quarter 2007 financial results yesterday, reporting a net loss of $91.9 million. The loss represented a 199% drop from a $92.8 million gain in the final quarter of 2006.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.