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Assured Guaranty Re Ltd.'s 'AA' Rating, Stable Outlook Affirmed
Standard & Poors, June 2008
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 6, 2008--Standard & Poor's Ratings Services affirmed its 'AA' financial strength and financial enhancement ratings on Assured Guaranty Re Ltd. The stable outlook reflects the company's conservative underwriting and investment policy, limited nonprime mortgage risks and strong capital profile. Assured Guaranty Re Ltd. and its subsidiaries, Assured Guaranty Re Overseas Ltd. and Assured Guaranty Mortgage Insurance Company, are collectively known as AG Re. In our view, AG Re is well positioned to provide reinsurance capacity to the primary, direct bond insurance companies; its stable rating and outlook positively differentiate it from the four competing companies that offer monoline reinsurance. While bond insurer rating volatility and housing and mortgage issues have largely disrupted the primary...
Companies mentioned in this report are: Assured Guaranty Re Ltd.,Assured Guaranty Municipal Corp.,Assured Guaranty Mortgage Insurance Company,Assured Guaranty Re Overseas Ltd.
Action: Affirmed
Action: Outlook: Stable
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