This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Assured Guaranty Ltd. Changes Name of Subsidiary Financial Security Assurance Inc. to Assured Guaranty Municipal Corp. 2009-11-02 06:01 ET - News Release Assured Guaranty Companies Provide Municipal Market with Choice of
Two Financial Guarantors NEW YORK -- (Business Wire)
Assured Guaranty Ltd. (NYSE:AGO) (“Assured Guaranty” or the “Company”),
the holding company for Assured Guaranty Corp. and Financial Security
Assurance Inc. (“FSA”), announced today that, pending regulatory
approval, it will change the name of its subsidiary FSA to Assured
Guaranty Municipal Corp. The Company also plans to change the names of
the FSA companies worldwide.
Assured Guaranty acquired FSA on July 1, 2009, expanding its presence in
the bond insurance industry by offering issuers and investors the
financial strength and flexibility of two separately capitalized bond
insurers. Assured Guaranty Municipal Corp., formerly FSA, now serves the
municipal market exclusively, and Assured Guaranty Corp. provides
financial guaranty insurance to both the municipal and structured
finance sectors.
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