KBRA Affirms IFSRs for Assured Guaranty Municipal Corp., Assured Guaranty Corp., and European Subsidiaries; Affirms Issuer and Debt Ratings for Assured Guaranty US Holdings, Inc.
20 Oct 2023 | New York
KBRA affirms the insurance financial strength ratings (IFSR) of AA+ for Assured Guaranty Municipal Corp. (AGM), Assured Guaranty Corp. (AGC), Assured Guaranty (Europe) SA (AGE), and Assured Guaranty UK Limited (AGUK). The Outlooks for all entities remain Stable.
The rating affirmations for AGM and AGC reflect each entity’s claims paying resources, skilled management team and ability to withstand KBRA’s conservative stress scenario losses as applied across their respective insured portfolios. AGE and AGUK benefit from extensive intra-group financial support agreements which support their IFSRs.
At the same time, KBRA affirms the A+ issuer rating for Assured Guaranty US Holdings Inc. (AGUS) as well as the A+ debt ratings on the 6.125% Senior Notes due 2028, the 3.150% Senior Notes due 2031, and the 3.600% Senior Notes due 2051. The Outlooks remain Stable.
To access rating and relevant documents, click here.
Click here to view the report for AGM, AGE, and AGUK.
Click here to view the report for AGC.