Fitch: SCA loses AAA rating, still on negative watch
Ratings agency Fitch has downgraded the insurer financial strength ratings on 46% XL-owned Security Capital Assurance (SCA) and subsidiaries, XL Capital Assurance (XLCA), XL Capital Assurance (U.K.) (XLCA-UK) and XL Financial Assurance (XLFA)to 'A' from 'AAA'
Fitch said the downgrades follow an announcement from SCA that it has determined not to raise new capital at the present time due to current market conditions. Fitch said the company has a modeled
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