26.03.2010 21:23:00

Assured Guaranty Corp. Insures $200 Million AmeriCredit Auto Loan Securitization

Bond insurer Assured Guaranty Corp. (AGC) will provide a financial guaranty insurance policy for $200 million of Automobile Receivables Backed Notes priced today by AmeriCredit Automobile Receivables Trust 2010-A.

"This is the first public asset-backed transaction we have guaranteed outside of the secondary market for some time, and we look forward to increasing our participation in the resurgent ABS market.” said Paul Livingstone, Senior Managing Director for Structured Finance at AGC. "Further, we are very pleased to be working with AmeriCredit, a long-time client whose track record reflects its strong market position and experienced management.”

The issue will be collateralized by approximately $238 million of loans financing automobiles, light duty trucks and vans. In addition to the overcollateralization, investors and AGC are protected in the transaction by excess cashflow, an interest spread account and limited cross-collateralization with certain other AmeriCredit transactions.

The AGC financial guaranty insurance policy will unconditionally and irrevocably guarantee payments of interest and principal due on each insured distribution date.

AGC is a financial guaranty insurance subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty or the Company) (NYSE:AGO). Assured Guaranty is a Bermuda-based holding company that provides, through its operating subsidiaries, credit protection products to the public finance, infrastructure and structured finance markets in the United States as well as internationally. The Company applies its credit underwriting expertise, risk management skills and capital markets experience to develop insurance, reinsurance and credit derivative products. The Company's principal product is a guaranty of principal and interest payments on debt securities issued by governmental entities such as U.S. state or municipal authorities, obligations issued for international infrastructure projects, and asset-backed securities (ABS).

Cautionary Statement Regarding Forward-Looking Statements:

Any forward-looking statements made in this press release reflect the current views of Assured Guaranty with respect to future events and financial performance 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. For example, Assured Guaranty’s forward-looking statements could be affected by: (1) rating agency action, including a ratings downgrade at any time of Assured Guaranty Ltd. or any of its subsidiaries and/or of transactions insured by such subsidiaries, both of which have occurred in the past; (2) developments in the world's financial and capital markets that adversely affect issuers’ payment rates, the Company’s loss experience, its ability to cede exposure to reinsurers, its access to capital, its unrealized (losses) gains on derivative financial instruments or its investment returns; (3) changes in the world’s credit markets, segments thereof or general economic conditions; (4) more severe or frequent losses implicating the adequacy of the Company’s loss reserve; (5) the impact of market volatility on the mark-to-market of the Company’s contracts written in credit default swap form; (6) reduction in the amount of reinsurance portfolio opportunities available to the Company; (7) decreased demand or increased competition; (8) changes in applicable accounting policies or practices; (9) changes in applicable laws or regulations, including insurance and tax laws; (10) other governmental actions; (11) difficulties with the execution of the Company’s business strategy; (12) contract cancellations; (13) the Company’s dependence on customers; (14) loss of key personnel; (15) adverse technological developments; (16) the effects of mergers, acquisitions and divestitures; (17) natural or man-made catastrophes; (18) other risks and uncertainties that have not been identified at this time; (19) management's response to these factors; and (20) other risk factors identified in the Company’s filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements which are made as of March 26, Assured Guaranty undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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