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Summary: Ratings On Eight Assured Guaranty Municipal Corp./ Assured Guaranty Corp.-Insured And Bank of America N.A.-Backed Issues Lowered To 'AA-/A-1'; Appropriations; Hospital; Insured Liquidity; System Jan 12 Product Image

Summary: Ratings On Eight Assured Guaranty Municipal Corp./ Assured Guaranty Corp.-Insured And Bank of America N.A.-Backed Issues Lowered To 'AA-/A-1'; Appropriations; Hospital; Insured Liquidity; System Jan 12

  • Published: January 2012
  • Region: America, United States
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services lowered its ratings on eight Assured Guaranty Municipal Corp./ Assured Guaranty Corp.-insured and Bank of America N.A.-backed U.S. public finance issues to 'AA-/A-1' from 'AA+/A-1', and removed them from CreditWatch with negative implications. These actions follow Standard & Poor's Nov. 30, 2011, downgrade of its ratings on Assured Guaranty Municipal Corp. and Assured Guaranty Corp. to 'AA-' from 'AA+', and removal from CreditWatch with negative implications (please see "Assured Guaranty Ltd. And Operating Companies Downgraded; Outlook Stable," published Nov. 30, 2011, on RatingsDirect on the Global Credit Portal). The long-term components of the ratings on the eight issues are based on bond insurance policies provided by Assured Guaranty Municipal Corp./Assured Guaranty Corp. The short-term components...

Companies mentioned in this report are: Broward Cnty Sch Brd,Bank of America N.A.,Assured Guaranty Municipal Corp.,Assured Guaranty Corp
Action: Downgraded

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Broward Cnty Sch Brd,Bank of America N.A.,Assured Guaranty Municipal Corp.,Assured Guaranty Corp

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