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Assured Guaranty Re Ltd.
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: Full Analysis
Abstract
Standard & Poor's Ratings Services affirmed its 'AA' financial strength and financial enhancement ratings on Assured Guaranty Re Ltd. The outlook is stable. 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 bond insurance market, we believe that AG Re is well positioned to offer reinsurance on existing portfolios where a primary company looks...
Companies mentioned in this report are: Assured Guaranty Re Ltd.,Assured Guaranty Mortgage Insurance Company,Assured Guaranty Re Overseas Ltd.,Assured Guaranty Corp
Action: Affirmed
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