Assured Guaranty Re Ltd. and Assured Guaranty Re Overseas Ltd., Two Assured Guaranty Reinsurance Subsidiaries, Drop Moody’s Ratings

All of Moody’s Other Assured Guaranty Ratings Remain Unchanged

Category:

Wednesday, April 8, 2015 12:37 pm EDT

Dateline:

HAMILTON, Bermuda

Public Company Information:

NYSE:
AGO

HAMILTON, Bermuda--(BUSINESS WIRE)--Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) released the following statement today:

Effective April 8, 2015, at our request, Moody’s Investors Service has withdrawn the insurance financial strength ratings it assigned to Assured Guaranty Re Ltd.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.

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, including Assured Guaranty’s ability to implement its business strategy, 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 Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which are made as of April 8, 2015. Assured Guaranty undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

AG Re is a financial guaranty reinsurance company based in Bermuda, and AGRO is one of its indirect, wholly owned subsidiaries. AG Re is a wholly owned subsidiary of Assured Guaranty Ltd., a Bermuda-based holding company whose shares are publicly traded and are listed on the New York Stock Exchange under the symbol AGO. The operating subsidiaries of Assured Guaranty Ltd. provide credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets. More information on Assured Guaranty Ltd. and its subsidiaries can be found at AssuredGuaranty.com.

Contact:

Assured Guaranty Ltd.
Investor Relations:
Robert Tucker, 212-339-0861
Managing Director, Investor Relations and Corporate Communications
rtucker@assuredguaranty.com
or
Media:
Ashweeta Durani, 212-408-6042
Vice President, Corporate Communications
adurani@assuredguaranty.com