Industry: Monoline bond insurer
Founded: 1983
Headquarters: New York, USA
About Financial Guaranty Insurance Company
Financial Guaranty Insurance Company (FGIC) is a monoline bond insurer established in 1983. It faced significant financial difficulties in 2008 which affected its ability to write new business. The firm was acquired in December 2003 by a consortium of investors including PMI Group, Blackstone Group, The Cypress Group, and CIVC Partners. As of March 24, 2009, it was rated “CC” by Standard & Poor’s (S&P) and “Caa3” by Moody’s Investors Service. Fitch Ratings had already withdrawn its rating, while Moody’s announced it would remove its rating.
Financial Guaranty Insurance Company Contact Details
Address: Financial Guaranty Insurance Company
463 Seventh Avenue
New York, NY 10018, United States
Website: fgic.com
Financial Guaranty Insurance Company Phone Number
+1-212-312-3000
