press release
17/12/2007

FSA Aaa with Stable Outlook rating affirmed by Moody's

On December 14, Moody's updated its evaluation of US mortgage market stress on the ratings of financial guaranty companies.
 
The Aaa rating of FSA was affirmed with Stable Outlook.
 
According to Moody's this reflects "the strong risk adjusted capital profile of the firm and its high-quality, well diversified insurance portfolio".
 
Moody's also added that "FSA has largely side-stepped the problems arising from mortgage-related exposures, as the company did not underwrite ABS CDOs in recent years" and that "the insurer's relatively robust capital profile is likely to position FSA well for growth in the current market environment".
 
FSA Holdings Ltd. is a member of Dexia Group.
 
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