Wrapped around my finger
- From: Vol 9, Issue 2 (February 2008)
- Category: General
- Region: Europe
- Country: United Arab Emirates
- Related Companies: Fitch and ING
The monoline crisis has created trading anomalies amongst outstanding UK water bonds. It has provided a clear buying opportunity for investors.
The crisis in the monoline industry has had little direct impact on the UK water industry bonds that they guarantee. There have been no obvious enforced sales as a result of Fitch’s downgrading of Ambac and the decision of all three rating agencies to put MBIA’s rating on negative watch.
The only other monoline with a significant presence ...
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