Kroll Bond Rating Agency Affirms Assured Guaranty Municipal’s AA+ Financial Strength Rating with Stable Outlook.

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) affirmed its insurance financial strength rating of AA+, with a Stable Outlook, for Assured Guaranty Municipal Corp. (AGM), a financial guaranty subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty)(NYSE:AGO).

In the report, KBRA noted the following key strengths supporting AGM’s AA+ rating:

“Once again, KBRA has affirmed AGM’s strong AA+ rating, reflecting the high level of protection available to investors in AGM-insured bonds,” said Dominic Frederico, President and CEO of Assured Guaranty. “KBRA subjected AGM’s insured portfolio to rigorous statistical modeling with elevated levels of assumed economic stress, including case-by case-stress analysis of our Puerto Rico credits. They found that, even in this highly unlikely scenario, AGM satisfied all claims in full and on time with a comfortable balance remaining.”

This most recent affirmation follows KBRA’s affirmations last year of Municipal Assurance Corp. at AA+ in July and of Assured Guaranty Corp. at AA in December, both with stable outlooks.

January 24, 2018



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