It also sees the government as ready to bailout senior bondholders in Credit Suisse and UBS but heavily downgrades ratings on subordinate debt on the assumption that, should the banks in Zurich get in trouble again, Geneva might take the radical Marxist action of letting investors in highly speculative uninsured bonds
actually experience some capitalism.
Analyzing bond data in the early 1980's, Carpenter (1991) found that insured bonds had a yield 87 percent lower than uninsured bonds
In the variable rate demand market, there is still demand for uninsured bonds
or bonds not tied to weak bond insurers, but only time will tell how this market will react to the newly strengthened bond insurers.
For example, spreads for uninsured AAA-rated and AA-rated bonds were negative, meaning that the insured bonds actually had higher yields than the uninsured bonds
The series 2011 bonds will be issued by Monongalia County Building Commission as 30-year fixed-rate uninsured bonds
with final maturity in July 2041.
The Company regularly reviews its investment portfolio for other-than-temporary impairment declines in fair value considering, among other things, the underlying credit quality of any insured or uninsured bonds
The Company regularly reviews its investment portfolio for other than temporary impairment declines in fair value considering, among other things, the underlying credit quality of any insured or uninsured bonds
28, 2008, are in connection with the cancellation of bond insurance policies previously issued to secure payment of regularly scheduled principal and interest payments on the bonds; the replacement of various liquidity facilities which provided purchase price for tendered bonds; and the reoffering of the bonds as uninsured bonds
expected to occur on Aug.
The series 2007 bonds will be structured as traditional fixed-rate uninsured bonds
that are on parity with Fletcher Allen's outstanding debt.
3 million uninsured bonds
and 'AA' underlying rating on the $175.
and AA by Standard and Poor's; and $100 million in uninsured bonds
, rated Baa1 by Moody's Investors Services.
were rated Aa prior to the refunding.