Fitch downgrades United Guaranty unit - The Business Review (Albany):

http://www.eastraordinary-cinema.com/article/Copper-consumption-likely-to-rise-by-5-6.html
United Guaranty Residential Insurance is the principal subsidiary of , the Greensboro-based mortgage insurer that has abouf 500 local employees. Bloomberg news recently reported that AIG is consideringf closing United Guaranty because of heavy losses beinf sustained in the nationwidehousing collapse, thoughy no final decisions have been made. In announcinbg its downgrade, Fitch noted that AIG is accelerating the procesz of separating certain core business unitds under a new holding company, AIU Holdings, but is buying AIU’sa interest in United Guaranty.
While United Guaranth still has the capitao support it needsfor now, the ratings agency said, “Fitch believes that the announcedd restructuring reduces the level of supportt for (United Guaranty) and raises uncertainty as to AIG’s strategixc intent with respect to the U.S. mortgage insurance