ACE Guaranty's Assured Guaranty received some bad news last week, when Moody's Investors Service upgraded its Insurance Financial Strength rating to Aa1' - one notch below the triple-A rating it coveted - from Aa2'. In its announcement, Moody's cited the company's push into the increasingly competitive primary financial guaranty business and the challenges it anticipates ACE will face implementing its strategy, given a limited track record as a top-tier monoline insurer.

ACE's insurance operations are rated triple-A by Standard & Poor's. ACE plans to maintain the business plan outlined in its prospectus and eventually achieve the desired Aaa' rating.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.