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Assured Guaranty Re Ltd.
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.
Research Type: Full Analysis
Abstract
Strategic relationship with sister companies Assured Guaranty Corp. and Assured Guaranty Municipal Corp. Well capitalized, with a margin of safety exceeding the 'AA' minimum under Standard & Poor's criteria. Consolidated group's underwriting focus on the low-risk U.S. public finance market. 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. The 'AA' financial strength rating on Assured Guaranty Re Ltd. (AG Re) reflects Standard & Poor's Ratings Services' view of AG Re's strategic relationship with 'AAA' rated sister companies Assured Guaranty Corp. (AGC) and Assured Guaranty Municipal Corp. (AGM), as well as AG Re's solid capital position. AGC's and AGM's strong...
Companies mentioned in this report are: Assured Guaranty Re Ltd.
Action: Review
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