UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 20, 2009
Financial Security Assurance Holdings Ltd.
(Exact name of registrant as specified in its charter)
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New York |
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1-12644 |
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13-3261323 |
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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31 West 52nd Street, New York, NY |
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10019 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code: (212) 826-0100
Not applicable.
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 420.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On May 20, 2009, Moody’s Investors Service, Inc. (“Moody’s”) placed the Aa3 financial strength ratings of Financial Security Assurance Inc. (“FSA”) and its affiliated insurance companies on review for possible downgrade. FSA is the principal insurance company subsidiary of Financial Security Assurance Holdings Ltd. (the “Company”). In the same ratings action, Moody’s placed the A3 senior unsecured rating of the Company on review for possible downgrade.
A copy of the press release issued by the Company in response to Moody’s action is furnished herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
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99.1 |
Financial Security Assurance Holdings Ltd. press release dated May 20, 2009. |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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FINANCIAL SECURITY ASSURANCE HOLDINGS LTD. |
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Date: May 21, 2009 |
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/s/ Bruce E. Stern |
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Name: |
Bruce E. Stern |
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Title: |
General Counsel and Managing Director |
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EXHIBIT INDEX
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Exhibit |
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Description |
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99.1 |
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Financial Security Assurance Holdings Ltd. press release dated May 20, 2009. |
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