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Assured Guaranty US Holdings $200 Million Senior Notes Rated 'A+'
Standard & Poors, May 2004
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) May 7, 2004--Standard & Poor's Ratings Services today assigned its 'A+' rating to Assured Guaranty US Holdings Inc.'s (Holdings) $200 million senior notes due 2034. While the notes are issued at Holdings, they are guaranteed by Holding's parent, Assured Guaranty Ltd. The outlook is stable. The rating on the notes reflects the corporate credit rating of Assured Guaranty Ltd. Proceeds of the offering will be used repay outstanding debt owed by Holdings to a subsidiary of ACE Limited. This debt was incurred in one of the many formation transactions that were necessary to prepare the Assured Guaranty organization to be spun off from ACE in an initial public offering (IPO). The IPO was completed on...
Companies mentioned in this report are: Assured Guaranty US Holdings,Assured Guaranty Corp
Action: New Rating
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