KBRA affirmed Assured Guaranty's rating

Surety re/insurer Assured Guaranty's subsidiaries have had their AA+ financial strength ratings affirmed by KBRA. 

The ratings agency said the outlook for Assured Guaranty Inc. (AG), Assured Guaranty UK Limited (AGUK), and Assured Guaranty (Europe) SA (AGE) are stable. 

"The rating affirmations reflect AG's strong capital position and substantial claims-paying resources relative to conservative stress scenario losses," KBRA said of the company, which is headed by Dominic Frederico. 

"The company benefits from a skilled management team and strong risk management framework, positioning it well to withstand KBRA’s stress losses as well as adverse market conditions. 

"AG’s diversified underwriting platform, focused on public finance, infrastructure, and structured finance continues to strengthen its market presence. AGUK and AGE benefit from extensive intra-group financial support agreements which are key factors in KBRA's financial strength ratings for both entities."

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