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S&P: Financial Security outlook stable
Standard & Poor's said revised the outlook on Financial Security Assurance Holdings Ltd. to stable from developing and affirmed its A+ counterparty credit rating.
The rating is based on a guarantee from parent company Assured Guaranty Ltd. (A+/stable).
The stable outlook is based on strong capitalization at the rating level, a favorable market position, conservative investment policy and dividend capacity of Assured Ltd.'s principal operating subsidiaries, AAA-rated Assured Guaranty Corp. and Financial Security Assurance Inc.
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