Three months after Financial Guaranty Insurance Co. agreed to "uninsure" bonds in the secondary market, competitors say they would consider the idea, too, but are skeptical that demand for such a transanction will amount to much.

FGIC has uninsured only one issue since announcing its "FGIC Release" program in April, according to the company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.