- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
Assured Guaranty US Holdings' Series A Enhanced Jr Sub Debentures Rated ?A-'
- Published: December 2006
- Region: United States
- Standard & Poors
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.
NEW YORK (Standard & Poor's) Dec. 12, 2006--Standard & Poor's Ratings Services today assigned its 'A-' rating to Assured Guaranty US Holdings' $150 million series A enhanced junior subordinated debentures. Assured Guaranty Ltd., the parent company of the issuer, will guarantee the securities. The guarantee is an unsecured, subordinated obligation of the guarantor. Proceeds of this hybrid capital issue will be used to purchase common shares of Assured Guaranty Ltd. from shareholder ACE Ltd. The outlook is stable, mirroring Assured Guaranty Ltd.'s stable rating outlook, which is based on its operating record and strong capitalization. Standard & Poor's, under its framework for evaluating hybrid capital issues, views the enhanced junior subordinated debentures as affording "intermediate" equity credit. As such, the...
Companies mentioned in this report are: Assured Guaranty US Holdings,Assured Guaranty, LTD.
Action: New Rating
Action: Outlook: Stable
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Assured Guaranty US Holdings,Assured Guaranty, LTD.