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Monday, October 25, 2010 2:11:20 PM
12:52PM Assured Guaranty expects Q3 operating EPS to exceed the consensus estimate of $0.80; Responds to S&P's rating change (AGO) 18.88 -2.41 : Co stated "Additionally, as of mid-October, mortgage loan originators that have breached representations and warranties have repurchased or agreed to repurchase a cumulative total of $412 million of loans, of which $111 million were in the third quarter alone. We continue to find a significant amount of defective loans and expect to continue to make substantial recoveries." Co also stated regarding ratings change "We are surprised by this rating action, which comes on the heels of S&P's affirmation of our AAA ratings in June 2010... We believe our GAAP and statutory capital resources and portfolio meet AAA standards. These new ratings represent changes in S&P's AAA criteria and market outlook rather than any material change in our credit profile or capital position. Further, in assigning these new ratings, S&P did not provide us with critical assumptions and key sensitivities used in their analysis of certain risks in our RMBS and TruPS portfolios or quantify their view of the extent of our AAA capital shortfall, all of which we believe is required under the Dodd-Frank Act."
Recent AGO News
- Assured Guaranty Municipal Insures Another $800 Million for JFK International Airport’s New Terminal One Project • Business Wire • 06/27/2024 03:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/31/2024 08:41:16 PM
- S&P Affirms Assured Guaranty’s AA Financial Strength Ratings with Stable Outlook • Business Wire • 05/29/2024 03:40:00 PM
- Assured Guaranty Municipal Insures $1.134 Billion of Bonds for the Brightline Florida Passenger Rail Project • Business Wire • 05/13/2024 01:45:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:50:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:46:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/09/2024 08:14:08 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/09/2024 06:30:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 12:31:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 08:21:45 PM
- Assured Guaranty Ltd. Reports Results for First Quarter 2024 • Business Wire • 05/07/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:31:15 PM
- Assured Guaranty Ltd. Declares Quarterly Dividend of $0.31 per Common Share • Business Wire • 05/02/2024 11:00:00 AM
- Moody’s Upgrades Assured Guaranty Corp.’s Rating and Affirms Assured Guaranty Municipal’s Rating • Business Wire • 05/01/2024 04:30:00 PM
- Assured Guaranty Ltd. to Report First Quarter 2024 Financial Results on May 7, 2024 • Business Wire • 04/23/2024 11:00:00 AM
- Marc Livolsi to Lead Assured Guaranty’s Public Finance New Issue Marketing and Business Development • Business Wire • 03/18/2024 02:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 12:37:04 AM
- Assured Guaranty Hires Melissa Gribble to Lead Business Development in Australia • Business Wire • 03/04/2024 07:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 10:41:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 10:34:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 10:13:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 10:01:07 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/28/2024 01:50:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/27/2024 09:14:38 PM
- Assured Guaranty Ltd. Reports Results for Fourth Quarter 2023 and Full Year 2023 • Business Wire • 02/27/2024 09:05:00 PM
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