Rating agency Moody’s has withdrawn the financial strength ratings of Bermuda-based Assured Guaranty Re, and its subsidiary Assured Guaranty Re Overseas.
In a statement, Assured Guaranty said that it no longer considered Moody’s ratings of the two subsidiaries to be necessary, given the current business plans.
Assured Guaranty Re and Assured Guaranty Re Overseas both had an insurance financial strength rating of Baa1.
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