Relevant:
- MBIA Loses AAA Insurer Rating From Fitch Over Capital
- Fitch may cut ratings of bond insurer SCA
- Fitch cuts Security Capital Assurance to 'B-' from 'BBB'
- For IndyMac, Another Ratings Cut; Capital Raise Looming?
- Capital Flight Intensifies to Record Levels in Spain; Outflows Make Spanish Banks Increasingly Reliant on ELA Funding
2008-02-05 — blogspot.com
This bears repeating: The new modeled losses could "call into question the appropriateness of 'AAA' ratings for those affected companies, regardless of their ultimate capital levels." Regardless of capital levels. That really says it all.
Not too surprising, when talks of "bailout capital" hovers around the $20B range, while independent estimates of actual needed capital hover in the $150-200B range.
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