S&P: Fremont General unaffected

Standard & Poor's said that the termination of the agreement between Gerald J. Ford and Fremont General Corp. will not have an immediate impact on its rating or outlook on Fremont.

Given the sale of most of the company's residential real estate and commercial real estate portfolios, S&P said it believes it is in an adequate position to reorganize its business without additional investment from the Ford-led investor group.

The company previously reported that the Gerald J. Ford investor-led group was not willing to proceed with the transaction at the previously negotiated terms, S&P noted.

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