Standard & Poor’s rating service has assigned an AA-minus rating to Assured Guaranty’s new municipal-only financial guaranty insurer, Municipal Assurance Corp.

MAC received long-term financial strength and counterparty credit ratings of AA-minus and a stable outlook based on S&P’s view that the muni-only insurer will maintain investment-grade underwriting standards and a strong competitive position in the market for new-issue public finance.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.