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Summary: Assured Guaranty Ltd., Assured Guaranty Corp., And Assured Guaranty Municipal Corp.
Standard & Poors, June 2010
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Abstract
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 their strong combined capital position. AGL's acquisition of AGM has provided the combined entity with a flexible platform from which to write business. AGC and AGM have proven track records of credit discipline--they have managed the growth of their insured portfolios and exposure to problem credits relative to their capital base. However, we do not believe that the sale of AGM's financial products business to Dexia S.A. in July 2009 entirely isolates AGM from...
Companies mentioned in this report are: Assured Guaranty Corp,Assured Guaranty Municipal Corp.,Assured Guaranty, LTD.
Action: Review
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