Clarifications

Wednesday's story about the rating agency actions during the fourth quarter should not have said Standard & Poor's had a recalibration of its scales. The agency upgraded credits as a result of a recent default study and said it has always had a single scale.

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The headline on Thursday's story about Assured Guaranty's financial data should have read: "Assured Guaranty Expects 4Q Loss and Loss-Adjustment Expenses of $90 million."

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