After a two-notch Moody’s Investors Service downgrade, Assured Guaranty announced Friday that it intends to launch a new municipal-only financial guaranty insurer this year that will not carry a Moody’s rating.

Moody’s downgraded the insurance financial strength rating of Assured Guaranty Municipal Corp. to A2 from Aa3 on Thursday night. Moody’s also downgraded the ratings on Assured Guaranty Corp. to A3 from Aa3 and Assured Guaranty Re Ltd. to Baa1 from A1.

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