Ratings On 140 Assured Guaranty Municipal Corp./Assured Guaranty Corp.-Insured Issues Lowered; Off Watch Negative Feb 12
- Language: English
- Published: February 2012
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The 'AAA' financial strength and financial enhancement ratings on Assured Guaranty Corp. (AGC; formerly ACE Guaranty Corp.) continue to be based on the company's commitment, and its progress to date, to shift its business focus toward directly written business, which offers attractive opportunities for growth and profitability, while placing less emphasis on financial guarantee reinsurance, which has suffered from comparatively weaker credit and economic characteristics. While progress in 2003 was hampered by industry-wide and company specific factors, the commitment remains in place and progress toward fulfilling it is an important goal for 2004. Also supporting the rating affirmation is the company's solid underwriting and risk management capabilities and its satisfactory capital adequacy as reflected in a margin of safety of...
Companies mentioned in this report are: Assured Guaranty Corp
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Assured Guaranty Corp