Log In

Reset Password

S&P affirms Assured Guaranty’s AA rating

Standard & Poor’s has affirmed the AA rating for Assured Guaranty Ltd (File photograph)

Ratings agency Standard and Poor’s has affirmed the AA financial strength rating, financial enhancement rating, and issuer credit ratings on Assured Guaranty and its operating insurance subsidiaries.

In its research update report on May 28, S&P noted Assured Guaranty’s “excellent capital adequacy and a very strong competitive position, supported by a strong presence in the US public finance market”.

It also noted its “excellent” capital and earnings, “exceptional” liquidity and its “well-diversified global underwriting strategy dominated by business written in the US public finance market”.

President and chief executive Dominic Frederico said: “Assured Guaranty’s AA rating affirmation by S&P highlights our strong presence in the US public finance market and our measured approach to insuring non-US public finance transactions.

“S&P also stated that they believe management will maintain the company’s excellent capital position as we continue to implement our global underwriting growth strategy.

“Assured Guaranty is poised to continue growing its insured portfolio to sustain and increase its store of unearned premiums, its future earnings power and its financial strength.

“Assured Guaranty continues to offer a uniquely beneficial value proposition to both issuers and fixed-income investors.”

You must be Registered or to post comment or to vote.

Published May 30, 2024 at 6:15 pm (Updated May 31, 2024 at 8:30 am)

S&P affirms Assured Guaranty’s AA rating

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon