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Stock impact report

S&P, KBRA and Moody’s Announce Assured Guaranty’s Financial Strength Is Unchanged Following Upcoming Merger of Principal Subsidiaries

Assured Guaranty Ltd. (AGO) 
US:NYSE Investor Relations: assuredguaranty.com/investor-information
Company Research Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--Assured Guaranty Ltd. (NYSE: AGO) (AGL, together with its subsidiaries, Assured Guaranty) announced today that S&P Global Ratings (S&P), Kroll Bond Rating Agency (KBRA) and Moody’s Ratings (Moody’s) have indicated that they see no change to Assured Guaranty’s financial strength as a result of the expected merger of Assured Guaranty Municipal Corp. (AGM) into Assured Guaranty Inc. (AG).KBRAKBRA issued a press release on July 8 that said, “upon the expected August 1, 2024 closing of the merger of Assured Guaranty Municipal Corp. (“AGM”) into Assured Guaranty Inc. (“AG”), the Insurance Financial Strength Ratings (IFSR) for AG (AA+ /Stable) , Assured Guaranty UK Limited (“AGUK”) (AA+ /Stable) and Assured Guaranty (Europe) SA (“AGE”) (AA+ /Stable), as well as the Issuer (A+ /Stable) and all outstanding Debt Ratings for Assured Guaranty US Holdings Inc., will remain unchanged.”KBRA also wrote that it “views the merger and the resultant simplification Show less Read more
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