Moody's Investors Service late Friday confirmed the Aa3 insurance financial strength ratings of Assured Guaranty Corp. and Assured Guaranty Municipal Corp. AGC's outlook was changed to negative and taken off review for a possible downgrade while AG Municipal retained its negative outlook.

On Nov. 12 AGC was downgraded one notch by Moody's for its "weakened economic and regulatory capital position … stemming from mortgage-related losses." At that time Moody's said the insurer could be further downgraded unless it implemented capital-strengthening measures.

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