Dominic Frederico, President and Chief Executive Officer of Assured Guaranty, said: "We took this initiative following Fitch Ratings' announcement that it is withdrawing its IFS ratings on all Assured Guaranty insured bonds for which it does not provide an underlying rating on the issuer. As Fitch's action withdrew the bond insurer ratings on approximately 90% of issuers in AGC's and AGM's combined insured portfolio, we believe the ratings no longer provide the same value to investors in our insured transactions.

"If, in the future, Fitch's participation in the municipal bond market should expand significantly, we would certainly consider renewing our relationship with them," Mr. Frederico added.

AGC and AGM each continues to carry Standard and Poor's Ratings Services financial strength ratings of AAA (negative outlook) and Moody's Investors Service financial strength ratings of Aa3 (negative outlook).

Assured Guaranty Ltd. is a publicly-traded Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets. More information on the Assured Guaranty family of companies can be found at www.assuredguaranty.com.

SOURCE: Assured Guaranty Ltd.

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