Bulletin: Ratings On Assured Guaranty Ltd. Subsidiaries Unaffected By Agreement With Radian Asset Assurance Inc. Jan 12
- Language: English
- Published: January 2012
Strategic relationship with sister companies Assured Guaranty Corp. and Assured Guaranty Municipal Corp. Well capitalized, with a strong margin of safety. Consolidated group's underwriting focus on the low-risk U.S. public finance market. 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 '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...
Companies mentioned in this report are: Assured Guaranty Re Ltd.
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Assured Guaranty Re Ltd.