- CIFG
CIFG [http://www.cifg.com/] , a family of financial guaranty companies, has earned Triple-A ratings from Moody's, Standard & Poor's, and Fitch. They provide global clients with secure and well-capitalized Triple-A credit protection.
CIFG is capitalized with nearly $3 billion in claims-paying resources, providing insurance forinvestment grade transactions in the public finance, project finance and
structured finance markets.Structure of the group
On December 20, 2007, Banque Populaire Group and Caisse d’Epargne Group becameshareholders of CIFG Holding, Ltd., the holding company for CIFG’s Triple-A rated financialguaranty subsidiaries.
With headquarters in New York and all functions represented in San Francisco, CIFG NA wasgranted a New York license in May 2002, and has licenses in nearly all US jurisdictions. The US business teams cover public finance, project finance, and structured finance.
With headquarters in Paris and a representative office in London, CIFG Europe is authorized to provide financial guaranties in the original 15 countries of the European Union. All functions and businesses are present and active in Europe, as they are in the US.
With headquarters in Bermuda, CIFG Guaranty, Ltd. provides financial guaranty reinsurance and was granted a license in Bermuda in October 2007.
Ratings
CIFG was rated Aaa with negative outlook by
Moody's on 17 December 2007 [http://www.reuters.com/article/ousiv/idUSL1743354620071217] , AAA with negative outlook byStandard and Poor's on 18 December 2007, and AAA by Fitch on 22 November 2007.
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