Regulated information * – Brussels, Paris, May 11, 2009 – 6:15 pm
Dexia states that the Fitch Ratings (Fitch) downgrade of Dexia's monoline bond insurer Financial Security Assurance (FSA) from AAA to AA+ and of its holding company Financial Security Assurance Holdings Ltd. (FSA Holdings) from AA to A+ (Rating Watch Negative) does not affect completion of the sale process of FSA Holdings to Assured Guaranty Ltd. (Assured).
Dexia underlines that Fitch, in its commentary, anticipates the sale of FSA to Assured will proceed as planned. According to Fitch, the AA+ rating is consistent with FSA's profile, following the transfer of its Financial Products business to Dexia.
Dexia confirms that the parties are in final discussions on the transaction documentation. Dexia is confident in the timely closing.
* Dexia is a listed company. This press release contains information subject to the legal provisions regarding the transparency of listed companies.