FGIC Reports

S&P downgrades FGIC rating to CC and withdraws ratings, April 22, 2009

Moody's downgrades FGIC rating to Caa3 and will withdraw ratings, March 24, 2009

Moody’s downgrades FGIC ratings to Caa1; outlook is negative, December 19, 2008

Financial Guaranty Insurance Co. Ratings Lowered To 'CCC'; Off Watch Neg, November 24, 2008

Fitch Withdraws FGIC's Ratings, November 24, 2008

Moody's places the ratings of FGIC under review for possible downgrade, October 24, 2008

Financial Guaranty Insurance Co. 'BB' Rating Remains On CreditWatch Negative, August 29, 2008

Moody's comments on FGIC-MBIA reinsurance transaction, August 28, 2008

Fitch Comments on FGIC Announcement, August 28, 2008

Fitch Downgrades FGIC's IFS to 'CCC'; Placed on Watch Evolving, July 31, 2008

Moody's downgrades FGIC's rating to B1; outlook is negative, June 20, 2008

Standard & Poor's, Financial Guaranty Insurance Co., June 17, 2008

Financial Guaranty Insurance Co. Placed On CreditWatch Negative, June 6, 2008

Moody's downgrades FGIC to Baa3; ratings remain under review for possible downgrade, March 31, 2008

Financial Guaranty Insurance Co. Lowered To 'BB' From 'A', March 28, 2008

Fitch Downgrades FGIC to 'BBB'; Outlook Negative, March 26, 2008

S&P Takes Additional Bond Insurer Rating Actions, February 25, 2008

Moody's Investors Service Issues FGIC Downgrades, February 14, 2008

Standard & Poor's Lowers FGIC Ratings, January 31, 2008

Fitch Announces Ratings Downgrade, January 30, 2008

Standard & Poor's, S&P Takes Rating Actions On Six Bond Insurers, December 19, 2007

Fitch Ratings, Fitch Places FGIC on Rating Watch Negative After CDO & RMBS Review, December 17, 2007

Moody's announces rating actions on financial guarantors, December 14, 2007

FGIC is no longer rated by any rating agency. The above listing of selected reports and announcements regarding FGIC ratings previously issued by the rating agencies is shown for ease of reference only, but please be advised that FGIC does not intend to update, and disclaims any obligation to update, the above listing. Please note that any opinions, estimates or forecasts regarding FGIC's performance made by these ratings agencies are theirs alone and do not represent opinions, forecasts or predictions of FGIC or its management. FGIC does not by its reference above or distribution of this information imply its endorsement of or concurrence with such information, conclusions or recommendations. In addition, the rating agencies may from time to time issue reports and other information relating directly or indirectly to the financial guaranty insurance industry generally, FGIC, or transactions insured by FGIC. Please refer to the web sites of the rating agencies directly for additional information that they may provide.