Business Services Industry
Capital Re announces no material adverse impact from Orange County bankruptcy filing
Business Wire, Dec 7, 1994
NEW YORK--(BUSINESS WIRE)--Dec. 7, 1994--Capital Re Corp. (NYSE:KRE) does not expect that the bankruptcy filing of Orange County, Calif., will have a material adverse impact on the financial performance of the company. This statement is being made in the context of the publicity surrounding the bankruptcy filing and to avoid uninformed speculation regarding its effect on the company. The company continues to maintain a policy of not commenting on individual credit exposures.
CONTACT: Capital Re Corp.
David A. Buzen, Chief Financial Officer
Catherine C. Bailey, Director of Communications
212/974-0100
COPYRIGHT 1994 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
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