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Assured Guaranty Ltd. Message Board

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  • cohsgrad cohsgrad Nov 29, 2012 2:31 PM Flag

    Moody's

    Don't know how you arrived at the 29th but that is today. I'm a terrible cynic and I didn't think they would take this long. As I said earlier, I think AGO should be downgraded but only as part of the downgrade of municipal debt across the nation. To downgrade one and not the other doesn't make much sense to me.

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    • I didn't believe Moodys would be able to complete their review just a week after the earnings report. I think is hell bent on downgrading but Assured management is probably going nuts with them on their application of their criteria. I think they are AA. Munis aren't being downgraded that much except a few cities that got very careless on pensions. Most of the structured book has either rolled off or seeing improvement on losses. Trials against the remaining banks should be favorable to Assured because the banks showed no reasonable efforts to comply with their own reps and warranties. They never thought they would get caught on it.

 
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