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Stock Market & Financial Investment News

News Breaks
March 18, 2014
15:13 EDTAGOS&P upgrades Assured Guaranty operating insurance cos. to 'AA'
Standard & Poor's Ratings said that it raised its financial strength and enhancement ratings on Assured Guaranty Municipal Corp., Assured Guaranty Corp., Assured Guaranty Re Ltd., and Municipal Assurance Corp. to 'AA' from 'AA-'. S&P said, "The rating action reflects our view that Assured's competitive position remains strong relative to its peers' in the bond insurance industry. We believe that Assured no longer warrants a different rating than other recent entrants in the financial guaranty market based on its legacy structured-finance portfolio, which has materially declined since 2008."
News For AGO From The Last 14 Days
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December 11, 2014
07:22 EDTAGOAssured Guaranty close to deal to buy Radian unit for $800M, Reuters says
Assured Guaranty (AGO) is close to a deal to buy Radian's (RDN) financial guaranty business for about $800M, Reuters reports, citing sources. A deal could be announced within the next few days, the sources add. Reference Link

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