Kroll Bond Rating Agency, LLC (KBRA) affirmed the AA+ insurance financial strength ratings of Assured Guaranty Inc. (AG) and its U.K. and European subsidiaries, Assured Guaranty UK Limited (AGUK) and Assured Guaranty (Europe) SA (AGE). All the ratings were assigned Stable Outlooks. This affirmation underscores the rating agency's confidence in the company's financial stability and operational strength.
KBRA specifically highlighted the August 1, 2024, merger of Assured Guaranty Municipal Corp. into Assured Guaranty Inc. The rating agency stated that this merger streamlined the organizational structure, improved operational and regulatory efficiencies. This strategic consolidation is seen as strengthening AG’s market position across its public finance, infrastructure, and structured finance businesses.
Dominic Frederico, President and CEO of Assured Guaranty, expressed satisfaction with KBRA’s affirmation. He noted that the rating recognizes the company's strong capital position and claims-paying resources. This rating is crucial for Assured Guaranty's ability to attract new business and maintain its competitive edge in the financial guaranty market.
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