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Fitch gives 'AA' to Assured Guaranty-backed bonds

 

Thursday, May 14,2009, 3:26:17 PM   Click:

NEW YORK_Fitch Ratings on Wednesday assigned an investment-grade rating on a number of bonds recently insured by Assured Guaranty Ltd.

Fitch assigned an "AA" rating on $111.3 million of South Carolina Jobs-Economic Development Authority hospital refunding revenue bonds series 2009B; $20.3 million of Seminole County (FL) School Board COPs series 2009A; and $116.6 million of Beaumont Independent School District (TX) general obligation unlimited tax school building bonds series 2009.

Shares of the Bermuda-based bond insurer dropped $1.07, or 7.7 percent, to $12.89 in afternoon trading.

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