913357--3/20/2008--FINANCIAL_SECURITY_ASSURANCE_HOLDINGS_LTD

related topics
{loan, real, estate}
{loss, insurance, financial}
{capital, credit, financial}
{condition, economic, financial}
{regulation, change, law}
{operation, international, foreign}
{cost, contract, operation}
{debt, indebtedness, cash}
{tax, income, asset}
{stock, price, share}
{provision, law, control}
Loss of FSA's "Triple-A" ratings would impair its ability to originate new business. Rating instability of the Company's industry peers may call into question the value/durability of a monoline guaranty. The Company may require additional capital to maintain its Triple-A ratings. Downgrade or default of one or more of the Company's reinsurers could reduce the Company's capital adequacy and return on equity. Adverse loss developments on structured finance CDOs may require increased liquidity in the Company's FP Investment Portfolio. Fair valuing the Company's insured CDS portfolio may subject the Company's reported earnings to extreme volatility. Widening credit spreads would further reduce the market value of the Company's FP Investment Portfolio. The Company's loss reserves may prove inadequate. The Company is exposed to large risks. Increased competition could reduce the Company's new business originations. Changes in prevailing interest rates and other market risks could result in a decline in the market value of the Company's General Investment Portfolio. Changes in prevailing interest rate levels could adversely effect demand for financial guaranty insurance and the Company's financial condition. Change in industry and other accounting practices could impair the Company's reported financial results and impede its ability to do business. The Company has received Department of Justice and SEC subpoenas and been named in class action lawsuits related to the municipal GIC industry. The Company is subject to extensive regulation; changes in applicable law could impede the Company's ability to do business. Change in management personnel or share ownership may have an adverse effect on the Company's business. Losses may result from the ineffectiveness of hedges or unanticipated timing of withdrawals of funds in the Company's FP segment. The Company's ability to make debt service payments on its outstanding debt is subject to its insurance company operations. The Company's international operations expose it to less predictable credit and legal risks. General economic conditions could adversely affect the Company's business results and prospects.

Full 10-K form ▸

related documents
1030469--3/11/2010--ORIENTAL_FINANCIAL_GROUP_INC
1030469--3/16/2009--ORIENTAL_FINANCIAL_GROUP_INC
1079577--2/28/2007--STANCORP_FINANCIAL_GROUP_INC
1079577--2/27/2008--STANCORP_FINANCIAL_GROUP_INC
886982--1/27/2009--GOLDMAN_SACHS_GROUP_INC
1014133--3/31/2010--COMMUNITY_CENTRAL_BANK_CORP
813640--3/31/2009--CITIZENS_BANCSHARES_CORP_/GA/
886982--3/1/2010--GOLDMAN_SACHS_GROUP_INC
922621--2/22/2006--ERIE_INDEMNITY_CO
813640--3/31/2010--CITIZENS_BANCSHARES_CORP_/GA/
1079577--3/3/2006--STANCORP_FINANCIAL_GROUP_INC
1079577--2/27/2009--STANCORP_FINANCIAL_GROUP_INC
873860--3/17/2008--OCWEN_FINANCIAL_CORP
873860--3/12/2009--OCWEN_FINANCIAL_CORP
1174771--4/17/2006--ALTRUST_FINANCIAL_SERVICES_INC
1014133--3/31/2009--COMMUNITY_CENTRAL_BANK_CORP
80737--3/1/2007--ARCHSTONE_SMITH_OPERATING_TRUST
1156826--3/1/2007--ARCHSTONE_SMITH_TRUST
925464--3/16/2009--SECURITY_BANK_CORP
932781--3/28/2008--FIRST_COMMUNITY_CORP_/SC/
1284506--3/17/2009--INTERMOUNTAIN_COMMUNITY_BANCORP
1070296--3/30/2010--FIRST_CAPITAL_INC
1163370--3/15/2010--NORTHRIM_BANCORP_INC
1243800--3/14/2007--RAINIER_PACIFIC_FINANCIAL_GROUP_INC
356809--4/17/2009--ABIGAIL_ADAMS_NATIONAL_BANCORP_INC
921183--3/4/2009--HMN_FINANCIAL_INC
1253317--3/13/2008--OLD_LINE_BANCSHARES_INC
921183--3/4/2008--HMN_FINANCIAL_INC
1088144--3/6/2009--ROME_BANCORP_INC
826154--3/15/2010--ORRSTOWN_FINANCIAL_SERVICES_INC