Municipal bond insurers face a still undetermined risk from the impact Hurricane Katrina will have on public debt, said rating agency analysts.

Fitch Ratings, New York, said Friday it does not expect Katrina losses to affect the financial strength of any of the financial guarantors it rates.

But while few guarantors have experienced losses as a result of natural disasters, the force of Katrina could set new precedent in this area, Fitch announced.

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