The likelihood of the bond insurers regaining their 'AAA' status when the U.S. does not hold that title anymore is very slim.

Standard & Poor’s downgraded the short- and long-term U.S. debt rating to 'AA'-plus, and subsequently assigned negative outlooks to 'AA'-plus municipal bond insurer Assured Guaranty Corp. and Assured Guaranty Municipal Corp. because of their exposure to Treasuries.

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