Industry | 2015.04.16
Kroll Bond Rating Agency Releases Research Report: “Beyond the Headlines: Record of Bond Insurers Paying Municipal Bond Claims is Better Than Perception”
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has examined the record of claims payment for municipal bonds in the financial guaranty industry in the post credit crisis period. In our view, the bond insurers’ record of payment of defaulted municipal bonds has been more favorable than commonly understood even from those bond insurers who required regulatory rehabilitation, restructuring or are in runoff. The report provides a comprehensive list of insured municipal defaults since 20
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