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Assured Guaranty (UK) Ltd Assigned 'AAA' Financial Strength Rating; Negative Outlook
Standard & Poors, July 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) July 28, 2004--Standard & Poor's Ratings Services assigned its 'AAA' financial strength, financial enhancement, and counterparty credit ratings to Assured Guaranty (UK) Ltd. (Assured Guaranty (UK)). The outlook is negative. The rating is based on the close operational and financial ties of the company with its parent company, Assured Guaranty Corp. (AGC; 'AAA' financial strength rating), including firm-wide risk management regimes, underwriting support provided by the parent, and strong financial support in the form of quota share and excess of loss reinsurance, and a net worth maintenance agreement. The scope and depth of the parental support have resulted in Assured Guaranty (UK) being designated a 'core' subsidiary. Core subsidiaries are viewed as integral to the...
Companies mentioned in this report are: Assured Guaranty (UK) Ltd.,Assured Guaranty Corp
Action: New Rating
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