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Assured Guaranty Ltd., Assured Guaranty Corp., And Assured Guaranty Municipal Corp. Jun 10
Standard & Poors, June 2010
Abstract
Dominant position in the bond insurance industry. Underwriting focus on the low-risk U.S. public finance market. Well capitalized on a combined basis, with a margin of safety well in excess of the 'AAA' minimum. Strong enterprise risk-management strategy. Standard & Poor's has sharply lowered its expectations for commercial real estate fundamentals and CMBS collateral performance. Susceptible to continued adverse loss development of U.S. nonprime residential mortgage exposure. Large single-risk exposure to Belgium and France. The 'A+' counterparty credit rating on Assured Guaranty Ltd. (AGL) and the 'AAA' financial strength ratings on Assured Guaranty Corp. (AGC) and Assured Guaranty Municipal Corp. (AGM) reflect Standard & Poor's Ratings Services' view of the companies' dominant market position in the bond insurance industry and...
Companies mentioned in this report are: Assured Guaranty Corp,Assured Guaranty Municipal Corp.,Assured Guaranty Municipal Holdings Inc.,Assured Guaranty (Europe) Ltd.,Assured Guaranty Mortgage Insurance Co.,Assured Guaranty Re Overseas Ltd.,Assured Guaranty Municipal Insurance Co.,Assured Guaranty (Bermuda) Ltd.,Assured Guaranty Re Ltd.,Sutton Capital Trust I,Sutton Capital Trust II,Assured Guaranty Ltd.,Assured Guaranty (UK) Ltd.,Woodbourne Pass Through Trust Securities
Action: Review
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
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