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Assured Guaranty Corp. And Assured Guaranty Municipal Corp. Downgraded To 'AA+'; Outlook Stable
Standard & Poors, Oct 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: 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
We believe the current state of the financial guarantee market, with only one organization issuing new policies, is symptomatic of investors' and issuers' diminished demand for bond insurance. We believe Assured Guaranty Corp. and Assured Guaranty Municipal Corp. could continue in the near term to report weak statutory results that could limit statutory surplus growth. As a result, we have lowered the counterparty credit and financial strength ratings on these companies to 'AA+' from 'AAA'. The stable outlook reflects our view of the companies' strong capitalization, largely investment-grade book of insured par, and strong business position that would benefit from an improved market for insured paper. NEW YORK (Standard & Poor's) Oct. 25, 2010--Standard & Poor's Ratings Services today said...
Companies mentioned in this report are: Assured Guaranty Corp,Assured Guaranty Municipal Corp.,Assured Guaranty, LTD.
Action: Downgraded
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