FGIC, said late Monday it is in talks with potential investors and other parties about strategic alternatives, including a possible sale of the company.
The New York-based parent company of Financial Guaranty Insurance Co. said it is optimistic that within the coming weeks it will have a course of action to propose to its board.
FGIC said other strategic alternatives it is exploring include raising capital for a newly established triple-A guarantor dedicated exclusively to the global public finance business. This company would also assume FGIC's existing public finance and international infrastructure business.
FGIC has retained Goldman Sachs assist the company as it explore its alternatives.