Assured Guaranty Re and Assured Guaranty Re Overseas Shed Moody’s Ratings
Assured Guaranty (together with its subsidiaries, Assured Guaranty) released the following statement on April 8:
Effective April 8, at our request, Moody's Investors Service has withdrawn the insurance financial strength ratings it assigned to Assured Guaranty Re Ltd. (AG Re) and Assured Guaranty Re Overseas Ltd. (AGRO). Based on the current business plans of AG Re and AGRO, we no longer consider Moody's ratings of these two subsidiaries to be necessary. Moody's rating action does not affect the ratings it has assigned to other entities within the Assured Guaranty group.
AG Re is a financial guaranty reinsurance company based in Bermuda, and AGRO is one of its indirect, subsidiaries.
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