Assured Guaranty Limited http://www.alacrastore.com/company-snapshot/Assured_Guaranty_Limited-2557127 Friday, September 05, 2008 10:55:16 AM 2557127 Assured Guaranty Limited en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/cs/73600cs/73600norm MBIA Takes the Best, Leaves FGIC with the Rest In our opinion the reinsurance transaction announced last evening is a positive credit development for MBIA While the deal will boost current capital supporting the remaining FGIC policyholders,...73600847YesC0Article212521281578163921271278corp3298Monolines8/29/2008 9:19:28 AM150In our opinion the reinsurance transaction announced last evening is a positive credit development for MBIA, but it does little to solve FGIC's longer term solvency issues.73600Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/73054cs/73054norm Monoline Monitor: One-on-One with Commissioner Dinallo We recently had the opportunity to discuss the state of the monoline industry with New York State Insurance Superintendent Eric Dinallo. While the markets seem to believe that...730541505YesD0Article212815782126212716392125corp3298Monolines8/12/2008 1:06:35 AM150We recently had the opportunity to discuss the monoline industry with New York State Insurance Superintendent Eric Dinallo. Our talks focused on commutations, insurance law, other monoline-specific issues, and the future of the industry.73054Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T1898899ccbn/T1898899norm...Good day, ladies and gentlemen, and welcome to the second-quarter #### Assured Guaranty earnings conference call. My name is Akia, and I will be your operator for today. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session toward the end of the conference. (OPERATOR INSTRUCTIONS). I would now like to turn the presentation over to your host for today's call, Miss Sabra Purtill, Managing Director of Investor Relations. Please proceed, ma'am. ... 8/8/2008 1:06:00 PMAssured Guaranty54.0000FinalAssured Guaranty Q2 2008 Earnings Conference Call TranscriptAGO7:30am ETTranscriptT1898899Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/moodys/PR_160527_809717421moodys/PR_160527_809717421htmlGlobal Credit Research Announcement # AUG #### Announcement: Security Capital Assurance Ltd Moody's: answers to FAQs about financial guarantors New York, August ##, #### -- Moody's Investors Service has released a new special report...8/6/2008 1:24:56 AMhtmlSecurity Capital Assurance LtdAssured Guaranty Ltd (Bermuda)CIFG Assurance North America, Inc.Assured Guaranty Re Ltd.CIFG EuropeCIFG GuarantyXL Financial Assurance Ltd.XL Capital Assurance Inc.FGIC CorporationMBIA Inc.Assured Guaranty CorpAmbac Assurance CorporationFinancial Security Assurance Holdings Ltd.Financial Guaranty Insurance CompanyFinancial Security Assurance Inc.Ambac Financial Group, Inc.MBIA Insurance CorporationAmbac Assurance Corporation; Ambac Financial Group, Inc.; Assured Guaranty Corp; ...809717421807527412600065337600062868600062563600062560600061532600054380600044506600015323600010707600010209599400278120278085252500252400150.0000NewsAnnouncementPR_160527_809717421Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/newstex/BW-0001-27048742newstex/BW-0001-27048742xml Jul. ##, #### (Business Wire) -- Assured Guaranty Ltd. (NYSE:AGO) announced that it intends to issue its full second quarter #### earnings press release and financial supplement after #:## p.m. Eastern Time (#:## p.m. Atlantic Time)...040000000401600004016018040160487/30/2008 7:19:36 PM180000001800400018008000Business WireBW-0001-27048742ASSURED GUARANTY LTDAGONewsNewstexhttp://www.alacrastore.com/storecontent/cs/72370cs/72370norm Monoline Monitor: The Dark Side of Contract Terminations Back when monolines still had AAA ratings, ample excess capital, and were still writing business, contract terminations could have been a win-win solution. Unfortunately, that...723701167YesD0Article1344157821262128163921272125corp3298Monolines7/29/2008 11:07:00 PM150The XL Capital-SCA-Merrill Lynch transaction was a unique situation and should not serve as a template for the rest of the industry. All the deal really did was to restart the time clock.72370Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/71999cs/71999norm Assured & FSA: The Implications of No AAA Muni Capacity Late Monday evening, Moody's announced that it may downgrade Assured Guaranty and Financial Security Assurance. Assured and FSA have been the only two monoline financial guarantors...719992244YesD0Article21282127corp321278Monolines7/22/2008 4:05:00 PM150If Assured and FSA lose their AAA ratings, it would leave the newly established Berkshire Hathaway Assurance as the sole AAA guarantor in the market, likely leading to a near term decline in municipal issuance and higher interest costs.9871999Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T1906772ccbn/T1906772norm...Good day, ladies and gentlemen and welcome to the Assured Guaranty regarding Moody's announcement conference call. My name is Lacy and I'll be your coordinator for today. At this time, all participants are in a listen-only mode. We will facilitate a question-and-answer session towards the end of this conference. (OPERATOR INSTRUCTIONS). As a reminder, this conference is being recorded for replay purposes. I would now like to turn the presentation over to your host for today's call, Ms. Sabra Purtill, Managing Director of Investor Relations. Please proceed. ... 7/22/2008 2:05:00 PMAssured Guaranty54.0000FinalAssured Guaranty Conference Call TranscriptAGO8:30am ETTranscriptT1906772Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/moodys/PR_159640_808396769moodys/PR_159640_808396769htmlGlobal Credit Research Rating Action ## JUL #### Rating Action: Assured Guaranty Capital Trust II Moody's reviews Assured Guaranty's Aaa rating for possible downgrade New York, July ##, #### -- Moody's Investors Service has placed...7/22/2008 12:28:07 AMhtmlAssured Guaranty Capital Trust IIAssured Guaranty Capital Trust IWoodbourne Capital Trust IVWoodbourne Capital Trust IIIWoodbourne Capital Trust IIWoodbourne Capital Trust IAssured Guaranty (UK) LtdAssured Guaranty US Holdings, Inc.Assured Guaranty Ltd (Bermuda)Assured Guaranty Re Overseas Ltd.Assured Guaranty Re Ltd.Assured Guaranty Mortgage Insurance CompanyAssured Guaranty CorpAssured Guaranty (UK) Ltd; Assured Guaranty Capital Trust I; ...808396769808396733808215464808215458807996475807996457807736578807527459807527412600062869600062868600019252600010707150.0000NewsRating ActionPR_159640_808396769Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/393418_report_framefitch/393418_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Financial Guaranty Insurance CompanyACE Capital Re International Ltd.Assured Guaranty LimitedSyncora Guarantee Inc.CIFG Assurance North America, Inc.Syncora Holdings LtdFGIC CorporationFinancial Security Assurance, Inc.CDC IXIS Financial GuarantySyncora Guarantee Re Ltd.80091718804171798008909980089831843790698008961380090393803612238036122280089501800898308009039480089704800920698009061085098673808673377/17/2008 2:17:00 PM01010000010103050101030101010300275Special ReportSCAAGO393418_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/cs/71476cs/71476norm Monoline Monitor - Is CDS Insurance? Er, nope Credit Default Swaps do not appear to qualify as insurance under the letter of the law in New York State and thus CDS contracts with a monoline as a counterparty should be treated as pari...1836YesD0Article212815782126212716392125corpstrategy3298Monolines7/15/2008 2:05:00 AM150We examine the arguments that CDS do not qualify as insurance under the letter of the law and therefore would be treated as being further down in the capital structure, then discuss the economic implications for CDS & munis.7147671476Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/70877cs/70877norm Monoline Monitor: MBIA & Ambac GIC Shtick, FGIC & SCA Spiraling Towards Rehab Moody's downgrades of MBIA and Ambac below the triple-A tier are going to result in some immediate material implications for MBIA's asset/liability products...708772030YesD0Article212815782126212716392125corp3298Monolines6/23/2008 1:04:00 AM150In our opinion, it is very likely the regulators will refuse to honor the accelerated demands on the grounds that the holders of the swaps would receive preferential treatment versus the traditional policyholders.70877Credit & Investment ResearchCreditSightsUS - Assured Guaranty Ltd of Bermuda, agreed to acquire a ##% stake in the re insurance portfolio of Financial Guaranty Insurance Co, a provider of insurance services, from the PMI Group Inc. Terms were not disclosed.6/21/2008 10:42:46 AMG0585R31911PG0585R31753QAssured Guaranty LtdFinancial Guaranty Insurance Co- Reinsurance PortfolioAssured Guaranty LtdFinancial Guaranty Insurance Cohttp://www.alacrastore.com/storecontent/Thomson_M%26A/Assured_Guaranty_Ltd_acquires_a_minority_stake_in_Financial_Guaranty_Insurance_from_Financial_Guaranty_Ins_Co-1988990020sdc/19889900201988990020Copyright © 2008, Thomson Financial, All Rights ReservedNew YorkInsuranceBermudaSurety insurance6351FFForeignPublicAGO6351:Surety insurance6719:Offices of holding companies, nec6351:Surety insurance6719:Offices of holding companies, necInsuranceUnited StatesSurety insurance6351NYNew YorkSubsidiary844944003Pvd finl guaranty,co hldg svcsPvd surety ins svcsUnspecifiedStock1024088001Jun 21 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.00000Assured Guaranty Ltd, locatedin Hamilton, Bermuda, providesfinancial guaranty and creditenhancement products toinvestors, financialinstitutions and otherparticipants in the globalcapital markets. They alsooffer company holding serviceswhose subsidiaries providecredit enhancement productsand services to capitalmarkets through its threeprincipal insurancesubsidiaries: Assured GuarantyCorp., Assured Guaranty (UK)Ltd. and Assured Guaranty ReLtd.Assured Guaranty Ltd, located in Hamilton, Bermuda, providesfinancial guaranty and credit enhancement products toinvestors, financial institutions and other participants inthe global capital markets. They also offer company holdingservices whose subsidiaries provide credit enhancementproducts and services to capital markets through its threeprincipal insurance subsidiaries: Assured Guaranty Corp.,Assured Guaranty (UK) Ltd. and Assured Guaranty Re Ltd.Assured Guaranty Ltd, located in Hamilton, Bermuda, provides financial guaranty and credit enhancement products to investors, financial institutions and other participants in the global capital markets. They also offer company holding services whose subsidiaries provide credit enhancement products and services to capital markets through its three principal insurance subsidiaries: Assured Guaranty Corp., Assured Guaranty (UK) Ltd. and Assured Guaranty Re Ltd.1.000002.000003.000004.000005.00000The reinsurance portfolio ofFinancial Guaranty InsuranceCo, located in New York City,New York, provides reinsuranceservices.The reinsurance portfolio of Financial Guaranty InsuranceCo, located in New York City, New York, provides reinsuranceservices.The reinsurance portfolio of Financial Guaranty Insurance Co, located in New York City, New York, provides reinsurance services.0.000000.000000.000000.00000Y19 Jun 08Thu, 19 Jun 2008 00:00:00 ESTDate Announced: 06/19/2008Date Effective:Acq. Part. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000042.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000US - Assured Guaranty Ltd ofBermuda, agreed to acquire a42% stake in the re insuranceportfolio of FinancialGuaranty Insurance Co, aprovider of insuranceservices, from the PMI GroupInc. Terms were not disclosed.US - Assured Guaranty Ltd of Bermuda, agreed to acquire a 42% stake in the re insurance portfolio of Financial Guaranty Insurance Co, a provider of insurance services, from the PMI Group Inc. Terms were not disclosed.US - Assured Guaranty Ltd of Bermuda, agreed to acquire a 42% stake in the re insuranceportfolio of Financial Guaranty Insurance Co, a provider of insurance services, from thePMI Group Inc. Terms were not disclosed.US - Assured Guaranty Ltd of Bermuda, agreed to acquire a 42% stake in the re insurance portfolio of Financial Guaranty Insurance Co, a provider of insurance services, from the PMI Group Inc. Termswere not disclosed.US - Assured Guaranty Ltd of Bermuda, agreed to acquire a 42% stake in the re insurance portfolio of Financial Guaranty Insurance Co, aprovider of insurance services, from the PMI Group Inc. Terms were not disclosed.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006311:Life insurance6321:Accidental and health insurance6351:Surety insurance844944003New YorkBermuda6351ForeignPublicAGO6211:Security brokers, dealers, and flotation companies6351:Surety insurance6361:Title insurance6399:Insurance carriers, nec6411:Insurance agents, brokers, and service2213002United States6361New YorkPrivate0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/ccbn/T1865976ccbn/T1865976norm...Before turning the podium over to Dominic Frederico, our Chief Executive Officer, and the other members of management for their presentations, I would like to cover some logistics for the morning for the benefit of both those of you here in the room today at The Plaza as well as those listening on the Web-cast. Our schedule for the day is to have presentations up until about noon today with a brief coffee break at ##:##. To the extent that individual presentations allow us some time for quick Q&A sessions, we will try to hold a session after Mike Schozer's presentation on Financial Guaranty Direct; Dave Penchoff's presentation on Financial Guaranty Reinsurance; as well as the Credit Underwriting and Risk Management presentation by Howard Albert and Andrew Pickering. I would note that we have a Q&A session planned starting at noon, which will run for about half an hour, or longer if we need to, that we will cover Dominic Frederico and the financial and capital presentations, as well. Please... 6/20/2008 4:05:00 PMAssured Guaranty54.0000PreliminaryAssured Guaranty Analyst Meeting TranscriptAGO8:30am ETTranscriptT1865976Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/cs/70357cs/70357norm Ambac and MBIA: The Siege on the AAA is Over While it has taken almost a year, the fight for the AAA is finally over While some investors may want to blame the shorts for the downfall of Ambac and MBIA, in all reality they were victims...703571023YesD0Article212815782126212716392125corp3298Monolines6/9/2008 12:06:00 AM150In the end there was no 'bailout', 'bail in', 'good' bank 'bad' bank restructuring or regulatory intervention70357Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69998cs/69998norm FSA: Considering Overlooked Risk Factors While its larger, more well-known competitors have been overwhelmed by the subprime RMBS meltdown, FSA has emerged largely unscathed In our opinion, given the recent unprecedented turmoil in...699981508YesD0Article212815782126212716392125corp3298Monolines6/2/2008 12:05:46 AM150In our opinion, continued deterioration in the second lien market or a run on FSA's GIC business, in combination or individually, could place the company's stable outlook at risk.69998Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/moodys/PR_155289_807527459moodys/PR_155289_807527459htmlGlobal Credit Research Announcement ## MAY #### Announcement: Assured Guaranty US Holdings, Inc. Moody's comments on Assured's first quarter #### earnings announcement New York, May ##, #### -- Moody's said that Assured Guaranty Ltd.'s...5/14/2008 12:31:50 AMhtmlAssured Guaranty US Holdings, Inc.Assured Guaranty Ltd (Bermuda)Assured Guaranty Re Ltd.Assured Guaranty CorpAssured Guaranty Corp; Assured Guaranty Ltd (Bermuda); Assured Guaranty Re Ltd.; ...807527459807527412600062868600010707150.0000NewsAnnouncementPR_155289_807527459Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1820660ccbn/T1820660norm...Good day, ladies and gentlemen, and welcome to the first-quarter #### Assured Guaranty earnings conference call. My name is Akia and I will be your operator for today. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session towards the end of the conference. (OPERATOR INSTRUCTIONS) I would now like to turn the presentation over to your host for today's call, Ms. Sabra Purtill, Managing Director of Investor Relations. Please proceed, ma'am. ... 5/9/2008 5:06:00 PMAssured Guaranty54.0000FinalQ1 2008 Assured Guaranty Earnings Conference Call TranscriptAGO7:30am ETTranscriptT1820660Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/cs/68731cs/68731norm Credit Crisis Conference: Monolines - Permanent Fix or Temporary Respite? Thank you for the introduction. I have prepared a presentation on what I hope you will find an interesting and timely topic. For the purposes of time, several...50441578163921272125corp3248Transcripts98Monolines5/7/2008 11:08:50 AM150Transcript from our May 1 Conference Presentation.68731Yes0Article21282126D68731Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/67881cs/67881norm Monoline Monitor: FGIC-Focused Regulatory Update The outlook for MBIA and Ambac is negative in the near term but pales in comparison to the current crisis at FGIC While the timeframe of any potential regulatory action is measured in...678811327YesD0Article212815782126212716392125corp3298Monolines4/16/2008 5:06:01 AM150Where regulatory intervention is really going to come into play is if FGIC violates Section 1310 of the New York State insurance law which deals with the impairment of surplus.67881Credit & Investment ResearchCreditSights