Assured Aims to Attract DPR Issuers with Double-A Wrap

Six years after losing its triple-A ratings during the financial crisis, rendering its bond insurance worthless, Assured Guaranty Corp. has returned to one of the corners of the securitization market where it was once most active: diversified payment rights (DPR) in emerging markets.

The monoline’s guaranty still does not carry a triple-A rating; its wrap is now rated ‘AA’ by Standard & Poor’s and one notch lower, at ‘A3,’ by Moody’s Investors Service.