Kroll Bond Rating Agency Affirms Municipal Assurance Corp.’s AA+ Financial Strength Rating with Stable OutlookSource: Business Wire
In the report, KBRA noted the following key strengths supporting MAC’s AA+ rating:
- Strong claims-paying resources which can withstand KBRA stress losses in a run-off scenario with a comfortable balance remaining.
Diverse, high quality insured portfolio; no exposure to
- Skilled and disciplined management and staff with deep expertise and market experience.
- A mature and high-functioning operating platform supported by strong governance and risk management systems.
“Once again, KBRA has affirmed MAC’s strong AA+ stable rating,
reflecting the high level of protection available to investors in
MAC-insured bonds,” said
MAC is licensed to insure municipal bonds in all 50 states and the
In addition to the KBRA rating, MAC’s financial strength is rated AA with a Stable Outlook by Standard & Poor’s Ratings Services.
*Based on Generally Accepted Accounting Principles (GAAP) reporting.
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. These risks and uncertainties
include, but are not limited to, those resulting from changes in rating
agency models or opinions, adverse credit developments in MAC’s insured
portfolio and the impact of those developments on rating agency models
and opinions, 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
MAC is a
Assured Guaranty Ltd.
Robert Tucker, 212-339-0861
Senior Managing Director, Investor Relations and Corporate Communications
Ashweeta Durani, 212-408-6042
Vice President, Corporate Communications