Fitch Affirms 1 Class From Guaranteed Residential Securities Trust 1998-1.Business Editors NEW YORK--(BUSINESS WIRE)--April 29, 2003 Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has affirmed Guaranteed Residential Securities Trust, series 1998-1: Guaranteed Residential Securities Trust, series 1998-1: -- Class A affirmed at 'AA', removed from Rating Watch Negative. These actions are taken due to the guarantee provided by Commercial Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Assurance, Ltd. (CGA (Color/Graphics Adapter) The first video display standard for the IBM PC. This low-resolution system was superseded by EGA and then VGA. CGA required a digital RGB Color Display monitor. See PC display modes. CGA - Color Graphics Adapter ), whose insurer financial strength is rated 'AA' with a Stable Rating Outlook by Fitch. CGA's claims-paying resources consist of two reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. policies provided by subsidiaries of ACE Ltd. covering up to $400 million of potential future losses. Although CGA no longer writes new business, it's runoff is being managed by ACE Financial Solutions, a division of ACE Ltd. |
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