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Assured Guaranty Ltd., Assured Guaranty Municipal Corp., And Assured Guaranty Corp. Jun 11
Standard & Poors, June 2011
Abstract
Market share leader in the bond insurance industry. Underwriting focus on the low-risk U.S. public finance market. Well capitalized on a combined basis, with a very strong margin of safety. Limited business growth prospects, in our view, because bond insurance has become a niche product and we consider a resurgence of the sector unlikely. Susceptibility to continued adverse loss development of U.S. nonprime residential mortgage exposure. The 'A+' counterparty credit rating on Assured Guaranty Ltd. (AGL) and the 'AA+' financial strength ratings on Assured Guaranty Municipal Corp. (AGM) and Assured Guaranty Corp. (AGC) reflect Standard & Poor's Ratings Services' view of a struggling financial guarantee market, the companies' market share leader position in the bond insurance industry, and their strong...
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 Capital Trust I,Woodbourne Capital Trust II,Woodbourne Capital Trust III,Woodbourne Capital Trust IV,Sutton Capital Trust III,Sutton Capital Trust IV
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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