|
|
 |
|
Viewing report
|
|
|
|
ACE Guaranty Corp. Rating Affirmed at 'AAA'; Outlook Negative
Standard & Poors, Oct 2002
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) Oct. 8, 2002 - Standard & Poor's Ratings Services today affirmed the financial strength, financial enhancement, and counterparty credit ratings of ACE Guaranty Corp. (AGC) at triple-'A'. The outlook remains negative. 'The ratings affirmation reflects the significant progress the company has made on its commitment to shift its business focus toward directly written business, which offers attractive opportunities for growth and profitability, while placing less emphasis on financial guaranty reinsurance, which has suffered from worsening credit and economic characteristics,' said Managing Director Dick Smith. Also supporting the rating affirmation is the company's solid underwriting capabilities and strong capital adequacy as reflected in a margin of safety of 1.4-1.5 times as of Dec. 31, 2001. The...
Companies mentioned in this report are: Assured Guaranty Corp
Action: Affirmed
|
|
|
|
