|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Ratings On Assured Guaranty Ltd. Subsidiaries Unaffected By Agreement With Radian Asset Assurance Inc. Jan 12
Standard & Poors, Jan 2012
Abstract
NEW YORK (Standard & Poor's) Jan. 25, 2012--Standard & Poor's Ratings Services said today that its ratings on Assured Guaranty Ltd.'s (AGL, A-/Stable/--) operating subsidiaries, Assured Guaranty Municipal Corp. (AGM, AA-/Stable/--), Assured Guaranty Corp. (AGC, AA-/Stable/--), and Assured Guaranty Re Ltd. (AA-/Stable/--), are unaffected by the recently announced three-part agreement with Radian Asset Assurance Inc. (Radian Asset, B+/Negative/--). As part of the agreement, AGC has agreed to reinsure approximately $1.8 billion of Radian Asset public finance par. Also, AGM has reassumed $12.9 billion of par it had previously ceded to Radian Asset. Within Standard & Poor's capital adequacy test for bond insurers, the AGL companies did not receive credit for business ceded to Radian Asset because of our speculative-grade rating...
Companies mentioned in this report are: Assured Guaranty Ltd.,Assured Guaranty Municipal Corp.,Assured Guaranty Corp,Radian Asset Assurance Inc.,Assured Guaranty Re Ltd.
Action: Bulletin
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.
|
|
|
|
