RDN » Topics » Radians largest Structured Finance exposures consist of the following:

This excerpt taken from the RDN 8-K filed Oct 27, 2006.

Radian’s largest Structured Finance exposures consist of the following:

 

    One $600 million transaction representing a Static Synthetic Investment Grade Corporate CDO rated AAA.

 

    One $520 million transaction representing a Managed Synthetic Investment Grade Asset-Backed CDO rated AAA.

 

    Nineteen transactions ($450 million each) representing Static Synthetic Investment Grade Corporate CDO’s rated AAA.

 

    One $450 million transaction representing a Second-to-Pay CDO rated AAA.

 

    Two transactions ($446.4 million each) representing Static Synthetic Investment Grade Corporate CDO’s rated AAA.

 

    One $442 million transaction representing a Static Synthetic Investment Grade Corporate CDO rated AAA.

These 25 transactions combine to total $11.45 billion, or 11.9% of Radian’s Net Par Outstanding as of September 30, 2006.

 


* See Consolidated Explanatory Notes on page 16.
** Indicated ratings category reflects the highest rating assigned to the underlying obligation from the three rating agencies (S&P, Moody’s and Fitch), or, if no such rating has been assigned, Radian’s rating estimate of the obligation utilizing rating agency models and methodologies to the extent available. Radian’s rating estimates are subject to revision at any time and may differ from the credit ratings ultimately assigned by the three rating agencies.

 

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Radian Asset Assurance Inc.

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