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MOODY'S RATES CAPITAL GUARANTY INSURANCE CO. Aaa

 SAN FRANCISCO, June 8 /PRNewswire/ -- Moody's Investor's Service has rated Capital Guaranty Insurance Co.'s claims paying ability Aaa, its highest rating.
 The Aaa rating signifies Capital Guaranty's superior financial security and underscores its ability to meet policyholder obligations as an insurer of municipal bonds. In making its rating decision, Moody's cited specifically Capital Guaranty's significant claims- paying resources; its impressive exposure-to-capital ratio of 72:1; its strong financial performance; its investment portfolio of excellent credit quality; and its solid underwriting track record.
 "We are pleased to have received the recognition of Moody's highest rating, which is an important endorsement of our financial strength and stability," said Michael Djordjevich, Capital Guaranty president and chief executive officer.
 Capital Guaranty has an existing AAA claims paying rating from Standard & Poor's Corp. Capital Guaranty Insurance Co. insures municipal bonds sold in the new issue and secondary markets. As of March 31, 1993, Capital Guaranty has $12.8 billion net insurance in force. Bond insurance provided by Capital Guaranty facilitates access to the capital required by municipalities for essential public services and the building and renewal of the country's infrastructure.
 -0- 6/8/93
 /CONTACT: Michael F. Gallagher of Capital Guaranty Insurance Co., 415-995-8016; or Craig A. Parsons of Pondel Parsons & Wilkinson, 310-207-9300, for Capital Guaranty Insurance/


CO: Capital Guaranty Insurance Co.; Moody's Investor's Service ST: California IN: FIN SU: RTG

LS-JL -- LA010 -- 6385 06/08/93 09:02 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
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