As Radian Reduces Risk It's Corporate Ratings Will Move Higher
JeffCo sewer bonds aren't an asset. Radian provided a financial guaranty on the bonds and related warrants to pay interest and principal on JeffCo's debt if they were unable to. JeffCo is now bankrupt. Do you think Radian adequately reserved for the JeffCo exposure? If so, how do you know they did? Long term getting rid of the JeffCo garbage is a good thing, but maybe a negative for the capital ratio in the short term.