Assured Guaranty Ltd. is saying Moody’s Investors Service should upgrade its bond insurance subsidiaries rather than continue to consider downgrading them.

Assured Guaranty Corp. and Assured Guaranty Municipal are the only remaining viable monoline insurance companies wrapping new municipal bond issues. On March 20 Moody’s placed them on review for a downgrade from its current Aa3 rating. The agency usually resolves reviews for downgrades within 90 days, according to a Moody’s source.

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