take a guess

Help for the Guarantors - From an Unexpected Source

In step 6, to make up for the sinking value of CDS on FG, IB can sell the CDS to FG as part of the deal. The FG will get the $0.5B in cash or maybe even more for the sale of CDS. The IB can sell the CDS acquired from IB if the rating doesn't go up. Whoever causes the manipulated price of the CDS on IB will lose for sure.