Financial Security Assurance Inc. Issues Statement in Response to Announcement of Moody's Downgrade of FSA from Aaa to Aa3 with Developing Outlook.

NEW YORK -- In response to Moody's Investors Service's (Moody's) downgrade of bond insurer Financial Security Assurance Inc. (FSA) to Aa3 with developing outlook, Robert P. Cochran, chairman and chief executive officer of Financial Security Assurance Holdings (FSA Holdings or the Company) and Financial Security Assurance Inc. (FSA), said: "We disagree with Moody's on a number of points and believe that the downgrade to Aa3 reflects hypotheses about future market and credit environments rather than the fundamental credit strength of the company. Based on its Special Comment on the financial guaranty industry publ...

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