S&P Reaffirms Assured Guaranty’s AA Financial Strength Ratings Under Revised Methodology
In its
- “excellent capital and earnings”
- “exceptional” liquidity
- “record of credit discipline”
- “very strong competitive position”
- “leadership position in the
U.S. public-finance market” - “well-diversified underwriting strategy” with a “well-thought-out and measured” approach to the global structured finance and international markets
The affirmation incorporates the revised “Insurers Rating Methodology” and “Methodology and Assumptions for Analyzing Bond Insurance Capital Adequacy” articles that S&P released in July of this year. The same ratings had been affirmed by S&P in June.
In response to the report,
“S&P has affirmed our financial guaranty subsidiaries’ AA, stable financial strength ratings twice in less than five months, evaluating our capital adequacy once under its previous criteria and now under its revised criteria. These ratings, the highest that S&P currently assigns to any active bond insurer, reflect the paramount importance we place on maintaining the financial strength of our insurance subsidiaries through disciplined underwriting and premium pricing and prudent approaches to strategic diversification, investments, enterprise risk management and capital management.”
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, difficulties executing Assured Guaranty’s business strategy; those risks and uncertainties resulting from changes in rating agency models or opinions; adverse credit developments in
View source version on businesswire.com: https://www.businesswire.com/news/home/20191108005453/en/
Investor Relations:
Senior Managing Director, Investor Relations and Corporate Communications
[email protected]
Media:
Vice President, Corporate Communications
[email protected]
Source:
BCS Selects Virtual Benefits Administrator (VBA) as Administrative Platform for Award-Winning EssentialCare Products
Europe Automotive Usage-based Insurance Markets, 2018 & 2019-2027 – Significant Partnership Among the Insurance Companies and Telematics Companies – ResearchAndMarkets.com
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News