Kroll Bond Rating Agency (KBRA) releases research focusing on the effects of the coronavirus (COVID-19) pandemic on the bond insurance industry. The unprecedented scale and scope of the contagion will undoubtedly provide a real-world stress test of the financial strength of Assured Guaranty Ltd. (AGL) and its subsidiaries (collectively, Assured) rated by KBRA.
In KBRA’s view, while the economic effects of the pandemic are yet to be fully realized, KBRA believes Assured policyholders are currently well protected. KBRA will continue to monitor the impact on the municipal market and AGL’s insured portfolio.
Click here to view the report.
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About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.