|
|
 |
|
Viewing report
|
|
|
|
Acquisition Poses Limited Rating Risk For Rated Units Of Assured Guaranty, FSA Holdings
Standard & Poors, Nov 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) Nov. 17, 2008--Standard & Poor's Ratings Services said today that Assured Guaranty Ltd.'s (Assured) agreement to acquire Financial Security Assurance Holdings Ltd. (FSA Holdings) appears to pose limited rating risk for any of Assured's rated entities, including Assured Guaranty Corp. (AGC; AAA/Stable), or FSA Holdings' units, including Financial Security Assurance Inc.(FSA; AAA/Watch Neg). 'The transaction marks a continued reshaping of the bond insurance industry,' said Standard & Poor's credit analyst Robert Green. On Nov. 14, 2008, Assured announced that it had reached an agreement with Dexia S.A. to acquire FSA Holdings, the parent company of FSA. It also announced that the $361 million cash portion of the total $722 million purchase price will be raised...
Companies mentioned in this report are: Assured Guaranty Corp,Assured Guaranty Municipal Corp.,Assured Guaranty Municipal Holdings Inc.,Assured Guaranty, LTD.
Action: General Comment
|
|
|
|
