Moody's Investors Service said it has downgraded the insurance financial strength rating of Assured Guaranty Municipal Corp. (AGM) to A2 from Aa3, Assured Guaranty Corp. (AGC) to A3 from Aa3, and the Assured Guaranty Re Ltd. (AGRe) to Baa1 from A1.
Moody's Downgrades Assured Guaranty; Lead Insurer to A2
JAN 18, 2013 7:14am ET
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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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