Assured Guaranty Corp -- Moody's downgrades Assured Guaranty; lead insurer to A2

New York, January 17, 2013 -- Moody's Investors Service has downgraded the Insurance Financial Strength (IFS) rating of Assured Guaranty Municipal Corp. (AGM) to A2 from Aa3, the IFS rating of Assured Guaranty Corp. (AGC) to A3, from Aa3, and the IFS rating of Assured Guaranty Re Ltd. (AGRe) to Baa1 from A1. In the same rating action, Moody's also downgraded the senior unsecured debt ratings of both Assured Guaranty US Holdings Inc. and Assured Guaranty Municipal Holdings Inc., to Baa2, from A3. The outlook for the ratings is stable. A full list of rating actions on Assured Guaranty Ltd. (Assured) and its subsidiaries is provided below. The rating action also has implications for the various transactions wrapped by AGM and AGC as discussed later in this press release.

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