A story last week incorrectly stated that ZCM Matched Funding Corp. had been downgraded. Fenway Funding was put on review for downgrade, following the placement of ZCMMF on review for downgrade. ZCMMF is a total return swap counterparty to Fenway. ZCMMF’s rating is based on a surety bond from Zurich Insurance Company which Moody’s placed on review for downgrade in late February.
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By
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