Assured Investment Management

Moody’s Upgrades Assured Guaranty Corp.’s Rating and Affirms Assured Guaranty Municipal’s Rating

Retrieved on: 
Wednesday, May 1, 2024
Asset Management, Professional Services, Finance, Guarantee, AGC, Risk, BAA2, Security (finance), Insurance, Assured Investment Management, AGM, Risk management

Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced that Moody’s Investors Service (Moody’s) upgraded to A1 from A2 the insurance financial strength (IFS) rating of Assured Guaranty Corp. (AGC).

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced that Moody’s Investors Service (Moody’s) upgraded to A1 from A2 the insurance financial strength (IFS) rating of Assured Guaranty Corp. (AGC).
  • Moody’s affirmed the A1 ratings of Assured Guaranty Municipal Corp. (AGM) and its subsidiary Assured Guaranty UK Limited (AGUK).
  • Assured Guaranty continues to offer a uniquely beneficial value proposition to both issuers and fixed income investors.”
    Additionally, Moody’s affirmed the Baa1 long-term issuer rating of Assured Guaranty Ltd.
  • It also affirmed the senior (Baa1) and junior subordinated (Baa2) debt ratings of Assured Guaranty US Holdings Inc. and Assured Guaranty Municipal Holdings Inc.

Assured Guaranty Ltd. Declares Quarterly Dividend of $0.31 per Common Share

Retrieved on: 
Thursday, May 2, 2024
Professional Services, Insurance, Finance, Assured Investment Management, LP

Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.31 per common share.

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.31 per common share.
  • Assured Guaranty Ltd. is a publicly traded (NYSE: AGO) Bermuda-based holding company.
  • Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets.
  • Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP.

KBRA Assigns Preliminary Ratings to GLS Auto Select Receivables Trust 2024-2

Retrieved on: 
Wednesday, April 3, 2024
Banking, Professional Services, Insurance, Finance, Assured Investment Management, The Company, KBRA, GLS, ABS, Car

KBRA assigns preliminary ratings to four classes of notes (five tranches) issued by GLS Auto Select Receivables Trust 2024-2 ("GSAR 2024-2"), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes (five tranches) issued by GLS Auto Select Receivables Trust 2024-2 ("GSAR 2024-2"), an auto loan ABS transaction.
  • GSAR 2024-2 represents the fourth near prime term ABS securitization for Global Lending Services LLC ("GLS" or the "Company"), and the second of 2024.
  • Since 2014, the Company has also issued 26 securitizations under their GCAR program, collateralized by mostly subprime auto loans.
  • KBRA considered its operation review of GLS, as well as periodic due diligence calls with GLS.

Marc Livolsi to Lead Assured Guaranty’s Public Finance New Issue Marketing and Business Development

Retrieved on: 
Monday, March 18, 2024
Finance, Banking, Professional Services, Asset Management, Insurance, Assured Investment Management, Growth, Public finance, Knowledge, AGM, Business development, Security (finance), Record, Senior, Risk, AGC, Marketing, Guarantee

Assured Guaranty Municipal Corp. (AGM)* and Assured Guaranty Corp. (AGC)* announced today that Marc Livolsi, Managing Director, will assume leadership of Assured Guaranty’s U.S. Public Finance New Issue Marketing and Business Development, and Evan Boulukos, Managing Director, will lead Assured Guaranty’s Secondary Markets desk.

Key Points: 
  • Assured Guaranty Municipal Corp. (AGM)* and Assured Guaranty Corp. (AGC)* announced today that Marc Livolsi, Managing Director, will assume leadership of Assured Guaranty’s U.S. Public Finance New Issue Marketing and Business Development, and Evan Boulukos, Managing Director, will lead Assured Guaranty’s Secondary Markets desk.
  • In the relatively short time they have worked at Assured Guaranty, they have already contributed to our growth.
  • In his new role, Mr. Livolsi will focus primarily on maintaining and expanding relationships with public finance professionals on sales and trading desks and executing new business originations across all public finance sectors, in addition to supporting Assured Guaranty’s investor outreach.
  • About Ms. Litten, Mr. Livolsi said, “We are delighted to have Paige join our Public Finance team.

Assured Guaranty Hires Melissa Gribble to Lead Business Development in Australia

Retrieved on: 
Monday, March 4, 2024
Banking, Professional Services, Insurance, Finance, Melissa, National Australia Bank, Capital market, Australian National University, Assured Investment Management, National university, Port, Knowledge, Macquarie University, Sydney Airport, Economics, NAB

Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty), the leading financial guaranty insurance company, has hired Melissa Gribble to expand its reach within the Australian market.

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty), the leading financial guaranty insurance company, has hired Melissa Gribble to expand its reach within the Australian market.
  • “We are excited that Melissa has joined Assured Guaranty to lead our initiatives in the Australian market,” said Ms. Dar.
  • Ms. Gribble will focus on sourcing new opportunities for Assured Guaranty’s financial guarantee business in the infrastructure, utilities and structured finance markets.
  • “With its nearly 40-year track record of reliability and financial strength, Assured Guaranty has significant untapped potential in the Australian financial markets.

Assured Guaranty Ltd. Raises Quarterly Dividend by 11% to $0.31 per Common Share

Retrieved on: 
Wednesday, February 21, 2024
Asset Management, Professional Services, Finance, LP, Assured Investment Management

Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.31 per common share, an increase of 11% from the quarterly dividend of $0.28 per common share that was declared on November 1, 2023.

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) today declared a quarterly dividend of $0.31 per common share, an increase of 11% from the quarterly dividend of $0.28 per common share that was declared on November 1, 2023.
  • The dividend is payable on March 20, 2024 to shareholders of record at the close of business on March 6, 2024.
  • Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets.
  • Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP.

Mark Batten Joins Assured Guaranty’s Board of Directors

Retrieved on: 
Tuesday, February 20, 2024
Finance, Accounting, Professional Services, Asset Management, Insurance, PwC, Real estate, Risk management, Guarantee, Currency crisis, Learning, Assured Investment Management, Private banking, Assurance, London Stock Exchange, Liquid, Independent Insurance, Westminster School, Management

Assured Guaranty Ltd. (NYSE:AGO) (Assured Guaranty) announced that Mark C. Batten has been appointed as a non-executive director to Assured Guaranty’s Board of Directors (Board).

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) (Assured Guaranty) announced that Mark C. Batten has been appointed as a non-executive director to Assured Guaranty’s Board of Directors (Board).
  • Mr. Batten will also continue to serve as the non-executive Chair of the board of directors of Assured Guaranty (UK) Limited (AGUK), Assured Guaranty’s U.K. insurance subsidiary.
  • “Mark Batten’s impressive professional background, along with his direct experience as a board member of AGUK, makes him an ideal addition to Assured Guaranty’s Board.
  • He brings a wealth of relevant experience to our Board,” added Dominic Frederico, President and CEO of Assured Guaranty.

Nicholas Proud Named Assured Guaranty’s Global Head of Origination

Retrieved on: 
Thursday, February 8, 2024
Accounting, Asset Management, Professional Services, Finance, AGE, Knowledge, Senior, International, Assurance, Assured Investment Management, Management

Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced that Nicholas Proud has been appointed Global Head of Origination for its financial guaranty business.

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced that Nicholas Proud has been appointed Global Head of Origination for its financial guaranty business.
  • Dominic Nathan will assume Mr. Proud’s responsibilities as CEO of Assured Guaranty UK Limited (AGUK) and Head of International.
  • Proud led the successful rebuilding of Assured Guaranty’s UK and European infrastructure finance franchise in the wake of the global financial crisis and played a central role in the combination of AGUK’s operations with those of its three subsidiaries, and the establishment of Assured Guaranty’s French subsidiary, Assured Guaranty (Europe) SA (AGE)*.
  • Proud was named Senior Managing Director, International Infrastructure and Global Structured Finance.

KBRA Assigns Preliminary Ratings to GLS Auto Receivables Issuer Trust 2024-1

Retrieved on: 
Monday, February 5, 2024
Banking, Other Professional Services, Professional Services, Finance, GLS, Car, ABS, KBRA, Assured Investment Management

KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by GLS Auto Receivables Issuer Trust 2024-1 (“GCAR 2024-1”), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by GLS Auto Receivables Issuer Trust 2024-1 (“GCAR 2024-1”), an auto loan ABS transaction.
  • GLS is an auto finance company founded in 2011 and is majority-owned by funds managed by Sound Point Capital Management, L.P. (“Sound Point”), an alternative asset manager.
  • Funds managed by Sound Point and legacy funds formerly managed by BlueMountain Capital Management have invested $135 million since GLS’ inception.
  • KBRA considered its operation review of GLS, as well as periodic due diligence calls with GLS.

Assured Guaranty Guarantees €93.7 Million Loan to Metro de Madrid, S.A.

Retrieved on: 
Monday, January 8, 2024
Public Transport, Professional Services, Transport, Finance, AGL, Linklaters, Jules Kroll, S&P Global Ratings, LLP, Acquisition, AGE, LP, Risk, Insurance, Guarantee, Madrid Metro, Bankinter, Metro, Assured Investment Management, AA, Bank

Assured Guaranty (Europe) SA (AGE)*, an indirect subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty), announced that it has guaranteed principal and interest payments on a €93.7 million loan to Metro de Madrid, S.A. (the Borrower) on 27 December.

Key Points: 
  • Assured Guaranty (Europe) SA (AGE)*, an indirect subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty), announced that it has guaranteed principal and interest payments on a €93.7 million loan to Metro de Madrid, S.A. (the Borrower) on 27 December.
  • AGE is a subsidiary of Assured Guaranty Ltd. (AGL and, together with its subsidiaries, Assured Guaranty).
  • Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and non-U.S. public finance, infrastructure and structured finance markets.
  • Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP and related entities.