Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
AGO > SEC Filings for AGO > Form 8-K on 27-Jun-2014All Recent SEC Filings

Show all filings for ASSURED GUARANTY LTD

Form 8-K for ASSURED GUARANTY LTD


27-Jun-2014

Results of Operations and Financial Condition, Regulation FD Disclosure, Fin


Item 2.02 Results of Operations and Financial Condition

On June 27, 2014, Assured Guaranty Ltd. ("AGL") made available in the Investor Information section of its website the March 31, 2014 Consolidated Financial Statements of its subsidiary Assured Guaranty Municipal Corp. The March 31, 2014 Consolidated Financial Statements of Assured Guaranty Municipal Corp. are attached hereto as Exhibit 99.1.



Item 7.01 Regulation FD Disclosure

AGL, through its subsidiaries (collectively, "Assured Guaranty") insures general obligation bonds of the Commonwealth of Puerto Rico and various obligations of its related authorities and public corporations. It has been reported that, on June 25, 2014, the Puerto Rico legislature passed a bill entitled the Puerto Rico Public Corporations Debt Enforcement and Recovery Act (the "Act"), the main purpose of which is to provide a legislative framework for certain public corporations that are experiencing severe financial stress to overcome their financial obstacles through a statutory process that allows them to manage their debts while continuing to provide essential services. The following table sets forth Assured Guaranty's net exposure to general obligation bonds of Puerto Rico and various obligations of its related authorities and public corporations as of March 31, 2014, and lists those exposures that Assured Guaranty believes are subject to the terms of the Act and those that Assured Guaranty believes are not so subject.

                                                                        Net Par
                                                                      Outstanding
                                                                   (as of March 31,
                                                                         2014)
                                                                    ($ in millions)
Exposures subject to the terms of the Act:
Puerto Rico Highways and Transportation Authority
(Transportation revenue)                                           $           872
Puerto Rico Electric Power Authority                                           852
Puerto Rico Aqueduct and Sewer Authority                                       384
Puerto Rico Highways and Transportation Authority (Highway
revenue)                                                                       302
Puerto Rico Convention Center District Authority                               185
 Total                                                                       2,595

Exposures not subject to the terms of the Act:
Commonwealth of Puerto Rico - General Obligation Bonds             $         1,852
Puerto Rico Municipal Finance Agency                                           450
Puerto Rico Sales Tax Financing Corporation                                    268
Puerto Rico Public Buildings Authority                                         124
Government Development Bank for Puerto Rico                                     33
Puerto Rico Infrastructure Financing Authority                                  18
University of Puerto Rico                                                        1
 Total                                                                       2,746

Total Net Exposure to Puerto Rico                                  $         5,341




Item 9.01 Financial Statements and Exhibits.
          (d) Exhibits
 Exhibit
 Number                                Description
  99.1    Assured Guaranty Municipal Corp. March 31, 2014 Consolidated Financial
          Statements


  Add AGO to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for AGO - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.