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Summary: Assured Guaranty Re Ltd. Jun 11
Standard & Poors, June 2011
Abstract
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 'AA+' rated sister companies Assured Guaranty Corp. (AGC) and Assured Guaranty Municipal Corp. (AGM), as well as AG Re's strong capital position. AGC's and AGM's market share leader position in the bond insurance industry should provide AG Re with a source of ongoing, diverse investment-grade insured par. In our view, AG Re also benefits from AGC's and AGM's technical and administrative assistance and the unified organizational approach to risk management. The ratings also reflect our view that the financial guarantee market is struggling, there are limited growth prospects, and the company faces the possibility of...
Companies mentioned in this report are: Assured Guaranty Re Ltd.,Assured Guaranty Municipal Corp.,Assured Guaranty Corp
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.
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.
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