Standard & Poor’s has suspended its ratings on deals insured by ACA Financial Guaranty Corp. in each instance where the agency does not have publicly disclosed underlying rating on the deal.

“Standard & Poor’s has concluded that current ACA-enhanced issue ratings may not adequately reflect the underlying credit characteristics of these transactions,” the agency said Friday in a press release. The rater dropped its mark for ACA to CCC from A on Dec. 19 and is the only agency to maintain a rating for the insurer.

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