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Assured Guaranty Ltd. Provides Updated Timing on Re-Listing of Financial Security Assurance Holdings Ltd. Debt Securities on th

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  Published in Business and Finance on Thursday, December 31st 2009 at 5:45 GMT by Market Wire
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HAMILTON, Bermuda--([ BUSINESS WIRE ])--Assured Guaranty Ltd. (NYSE: AGO) ("Assured Guaranty" or the "Company") today announced that the re-listing of the following debt securities (the "Securities") on the New York Stock Exchange (the "NYSE") of Assured Guaranty's subsidiary, Financial Security Assurance Holdings Ltd. ("FSAH"), may not be completed until the end of the first quarter 2010 or March 31, 2010:

Assured Guaranty is in the process of preparing a filing with the U.S. Securities and Exchange Commission ("SEC") in connection with the re-listing that contains certain FSAH historical financial information for the quarter ended June 30, 2009, which was prior to the Company's acquisition of FSAH. As a result, the Company anticipates the re-listing of the Securities to be completed by March 31, 2010 or end of the first quarter 2010. The Company had previously announced that it expected the re-listing of the Securities to be effective by the end of 2009.

The Securities have been fully and unconditionally guaranteed by the Company. The re-listing of the Securities will not affect the guaranty, which will remain in full force and effect, or any of the other terms of the Securities. Current trading information on these Securities is available on the Financial Industry Regulatory Authority ("FINRA") website at: [ http://cxa.marketwatch.com/finra/bondcenter/default.aspx ]

The re-listing will be subject to the approval of the NYSE and the SEC, once the required financial information and other necessary information has been filed.

Assured Guaranty Ltd. is a Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international public finance, structured finance and mortgage markets.

Cautionary Statement Regarding Forward-Looking Statements:

Any forward-looking statements made in this press release reflect Assured Guaranty's current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. For example, Assured Guaranty's forward-looking statements could be affected by: (1) rating agency action, including a ratings downgrade at any time of Assured Guaranty Ltd. or any of its subsidiaries and/or of transactions insured by such subsidiaries, both of which have occurred in the past; (2) developments in the world's financial and capital markets that adversely affect issuers' payment rates, Assured Guaranty's loss experience, its ability to cede exposure to reinsurers, its access to capital, its unrealized (losses) gains on derivative financial instruments or its investment returns; (3) changes in the credit markets, segments thereof or general economic conditions; (4) more severe or frequent losses affecting the adequacy of Assured Guaranty's loss reserve; (5) the impact of market volatility on the mark-to-market of its contracts written in credit default swap form; (6) reduction in the amount of reinsurance facultative cessions or portfolio opportunities available to Assured Guaranty; (7) decreased demand or increased competition; (8) changes in applicable accounting policies or practices; (9) changes in applicable laws or regulation, including insurance and tax laws; (10) other governmental actions; (11) difficulties with the execution of Assured Guaranty's business strategy; (12) contract cancellations; (13) Assured Guaranty's dependence on customers; (14) loss of key personnel; (15) adverse technological developments; (16) the effects of mergers, acquisitions and divestitures; (17) natural or man-made catastrophes; (18) other risks and uncertainties that have not been identified at this time; (19) management's response to these factors; and (20) other risk factors identified in Assured Guaranty's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements which are made as of December 4, 2009. Assured Guaranty undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.