Assured Guaranty Renews Motion to Lift Automatic Stay and Commence an Action Against PREPA for the Appointment of a Receiver
Consistent with the
For decades, PREPA has been crippled by mismanagement, politicization and poor performance. Due to these actions, PREPA is failing to fulfill its obligations to all of Puerto Rico’s stakeholders, including its ratepayers and creditors. As a result of PREPA’s defaults,
Irrespective of PREPA’s payment defaults on its bonds and its Title III bankruptcy filing, payments to holders of PREPA bonds insured by
With
*Aggregate data for insurance subsidiaries within the
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Forward-Looking Statements
The information set out above contains forward-looking statements that reflect Assured Guaranty’s current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. These risks and uncertainties include, but are not limited to, those resulting from
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Commercial Banking Services for the Centers for Medicare and Medicaid Services: Medicare Claims Processing Contractors and Demonstration Projects
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