Kroll Bond Rating Agency Affirms Municipal Assurance Corp.’s AA+ Financial Strength Rating with Stable Outlook
In the report, KBRA noted the following key strengths supporting MAC’s AA+ rating:
- “Diverse, high quality insured portfolio; no exposure to Puerto Rico.”
- “Skilled and disciplined management and staff with deep expertise and market experience.”
- “A mature and high-functioning operating platform characterized by strong governance and risk management systems.”
- “Strong claims-paying resources that can withstand KBRA stress losses in a run-off scenario with a comfortable balance remaining.”
“MAC’s AA+ insurance financial strength rating, which KBRA has repeatedly affirmed since MAC’s inception, results from Assured Guaranty’s commitment to maintaining very strong stand-alone capital adequacy and disciplined underwriting and risk management practices. Under KBRA’s Stress Capital Balance metric, which incorporates KBRA’s projection of the stress-case losses in its Monte Carlo simulation at the
MAC is licensed to insure municipal bonds in all 50 states and the
In addition to the KBRA rating, MAC’s financial strength is rated AA with a Stable Outlook by S&P Global Ratings.
Any forward-looking statements made in this press release 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 changes in rating agency models or opinions, adverse credit developments in MAC’s insured portfolio and the impact of those developments on rating agency models and opinions, other risks and uncertainties that have not been identified at this time, management’s response to these factors, and other risk factors identified in Assured Guaranty’s filings with the
MAC is a
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