CIFG Holding Limited, the Bermuda-registered French holding company for CIFG's Triple-A rated financial guaranty subsidiaries, has announced a money-spinning deal in a bid to maintain its rating status.

The company revealed that Natixis and its controlling shareholders, Banque Populaire Group and Caisse D'Epargne, have agreed that they the two groups will provide $1.5 billion to enable CIFG to keep up its Triple-A rating.

Fitvh Ratings has reaffirmed CIFG's rating with stable outlook.

"We are extremely pleased to have the support of the controlling shareholders of Natixis," said Jacques Rolfo, CEO of CIFG.

"This innovative agreement, structured in close consultation with the rating agencies, will more than double CIFG's existing claims paying resources of $1.4 billion and strengthen its market position in the rapidly evolving financial guaranty industry."