XL Capital Assurance announced it has received its Aaa' financial guarantor rating from Moody's Investors Service, almost a year after scoring the triple-A from both Fitch and Standard & Poor's.

Despite initial scrutiny from some investors - when XLCA began operating last fall without Moody's seal of approval - the company has successfully closed several asset-backed deals, wrapping more than $3 billion worth of ABS term and conduit proceeds just this year. Additionally, the surety has wrapped $1.1 billion in the project finance market year-to-date.

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