Assured Guaranty Ltd. Comments as Moody's Revises Assured Guaranty Corp.'s Outlook to Positive.HAMILTON, Bermuda -- Assured Guaranty Ltd. (NYSE: AGO) is pleased to acknowledge that Moody's Investors Service (Moody's) has revised the rating outlooks for Assured Guaranty Corp. (AGC) and its wholly owned subsidiary, Assured Guaranty (UK) Ltd. to positive from stable and has affirmed their Aa1 insurance financial strength ratings. AGC is the Company's principal direct financial guaranty insurance subsidiary. Dominic Frederico, President and Chief Executive Officer of Assured Guaranty Ltd., commented, "We are extremely pleased by Moody's official recognition of our successful strategic execution and substantial progress made in building our direct financial guaranty franchise. We will continue to commit capital and resources to build our franchise and achieve our ultimate goal of triple-A ratings from all of the major rating agencies." Assured Guaranty Ltd. is a Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international public finance, structured finance and mortgage markets. More information can be found at www.assuredguaranty.com. Assured Guaranty Corp. is a leading provider of financial guaranty insurance in the U.S. and international public finance, structured finance and mortgage-backed securities markets. Assured Guaranty Corp.'s underwriting experience combined with its financial strength makes it the innovative financial guaranty partner of choice for issuers, investors and broker/dealers. Assured Guaranty (UK) Ltd., a London-based subsidiary of Assured Guaranty Corp., is authorized by the Financial Services Authority to transact financial guaranty business in the United Kingdom and is able to write financial guaranty insurance in 27 countries in the European Economic Area. Any forward-looking statements made in this press release reflect the Company's current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. For example, the Company's forward-looking statements, including its statements regarding ratings improvements or the expansion of direct business, could be affected by a significant reduction in the amount of reinsurance ceded by one or more of our principal ceding companies, rating agency action such as a ratings downgrade, difficulties with the execution of the Company's business strategy, contract cancellations, developments in the world's financial and capital markets, more severe or frequent losses associated with products affecting the adequacy of the Company's loss reserve, changes in regulation or tax laws, governmental actions, natural catastrophes, the Company's dependence on customers, decreased demand or increased competition, loss of key personnel, technological developments, the effects of mergers, acquisitions and divestitures, changes in accounting policies or practices, changes in general economic conditions, other risks and uncertainties that have not been identified at this time, management's response to these factors, and other risk factors identified in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
|
||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion