credit enhancement

Assured Guaranty Ltd. to Host Conference Call on Proposed S&P Ratings Criteria for Financial Guarantors on February 1, 2011

January 27th, 2011

HAMILTON, Bermuda Assured Guaranty Ltd. announced that it will host a conference call and webcast on the topic of Standard & Poor’s Ratings Services’ proposal to change its criteria for rating financial guaranty insurance companies. The conference call will begin at 11:00 a.m. Eastern Time (12:00 p.m. Atlantic Time) on Tuesday, February 1, 2011. [...]


Assured Guaranty Corp. Announces January 2009 U.S. Public Finance New Issue Volume, up 134% Over Prior Year

February 4th, 2009

Assured Guaranty Corp. (“Assured” or “the Company”), the financial guaranty subsidiary of Assured Guaranty Ltd. announced its January 2009 U.S. public finance new issue volume today. Assured provided guaranties on 114 U.S. public finance new issue transactions, totaling $2.8 billion of par or 12% of total new issue U.S. public finance volume during January 2009. [...]


Hart-Scott-Rodino Waiting Period Expires for Assured Guaranty Ltd.s Proposed Acquisition of Financial Security Assurance Holdings Ltd.

January 21st, 2009

Assured Guaranty Ltd. (“Assured” or “the Company”) announced that the mandatory waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR”) for Assured’s proposed acquisition of Financial Security Assurance Holdings Ltd. (“FSA”) expired at 11:59 p.m. Eastern Time on January 20, 2009 (12:59 a.m. Atlantic Time on January 21, 2009).
In addition to [...]


Assured Guaranty Ltd. Responds to Downgrade of Its Ratings by Moodys Investors Service

November 22nd, 2008

Assured Guaranty Ltd. issued the following statement from Dominic Frederico, President and Chief Executive Officer of Assured, in response to the announcement by Moody’s Investors Service (“Moody’s”) that it has downgraded the ratings of Assured Guaranty Ltd. and its subsidiaries. Moody’s also announced that its ratings outlook for all of Assured’s ratings is “stable.” The [...]


MetLife Provides Information Regarding Its Commercial Mortgage-Backed Securities Holdings and Commercial Mortgage Whole Loans

November 20th, 2008

MetLife, Inc. issued the following information about its commercial mortgage-backed securities (CMBS) and commercial mortgage whole loans as of September 30, 2008. The company is providing this information in light of the increasing volatility in the CMBS indices (CMBX), which is due to a number of factors, including two commercial mortgages within CMBX 5 [...]


Assured Guaranty Ltd. Announces Definitive Agreement to Acquire Financial Security Assurance Holdings Ltd.

November 14th, 2008

Assured Guaranty Ltd. (“Assured”) announced that it has reached a definitive agreement with Dexia SA (“Dexia”) to purchase Financial Security Assurance Holdings Ltd. (“FSA”), the parent of financial guaranty insurance company, Financial Security Assurance, Inc. The definitive agreement provides that Assured will be fully protected against exposure to FSA’s Financial Products (“FP”) segment, which [...]


Assured Guaranty Corp. Guarantees $225 Million Pennsylvania Turnpike Commission Bonds

November 3rd, 2008

Assured Guaranty Corp., the triple-A rated financial guaranty subsidiary of Assured Guaranty Ltd., announced today that it guaranteed $225 million of subordinate revenue bonds for the Pennsylvania Turnpike Commission.
“Assured was able to provide the Pennsylvania Turnpike Commission with a lower cost of funding and market access through our guaranty,” commented Bill Hogan, Senior Managing Director [...]


The PMI Group, Inc. Reduces 2008 Paid Claims Guidance

November 3rd, 2008

The PMI Group, Inc. reduced its paid claims guidance for 2008: The Company expects paid claims, net of captive reinsurance trust account recoveries, for its U.S. Mortgage Insurance Operations to be between $850 million to $900 million for the full year 2008. This [...]


FGIC Corporation to Appoint John S. Dubel CEO

November 1st, 2008

Financial Guaranty Insurance Company (FGIC) and parent company FGIC Corporation today announced that John S. Dubel is expected to be appointed Chief Executive Officer (CEO) at the next meeting of the Board of Directors, replacing Frank J. Bivona whose contract is expiring at the end of the year. Mr. Bivona has been CEO since December [...]