Standard & Poor’s is considering whether Assured Guaranty’s credit is really 'AA-plus'. The credit-default swap market made that decision a while ago and its verdict is no.

The agency issued a 39-page report Monday seeking comments on proposed new criteria for rating bond insurers. The new method could result in downgrading investment-grade insurers “by one or more rating categories … unless those insurers raise additional capital or reduce risk.”

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.