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Primus Guaranty, Ltd. Q1 2008 Earnings Call Transcript

How is the counterparty panic to be overcome?
First, nothing can be done whilst the environment is generally negative.
But after the credit climate improves, Primus will have to issue a large amout in new equity, so to "shock" the market with a massive leverege reduction.
Is there any other way?
Selling insurance is a credibility based business, and financial managers will need powerful reasons to buy insurance again from Primus.