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Assured Guaranty Corp. Outlook Revised To Stable On Strong Capitalization,Prudent Underwriting
Standard & Poors, June 2005
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) June 7, 2005--Standard & Poor's Ratings Services said today it revised its outlook on Assured Guaranty Corp. (AGC) to stable from negative based on AGC's strong capitalization for the rating level and conservative underwriting standards. The outlook change also reflects expectations for continuing improvement in direct production and continued conservative investment policy, especially in the context of the current challenging and competitive business environment. At the same time, Standard & Poor's affirmed its 'AAA' financial strength rating, financial enhancement rating, and counterparty credit rating on AGC. 'AGC's management team, staff, and board of directors seem to be working effectively and in unison to successfully make the transition from reinsurer to direct primary company,' said Standard...
Companies mentioned in this report are: Assured Guaranty Corp
Action: Affirmed
Action: Outlook: Stable
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