All posts tagged "Assured"

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  Puerto Rico power utility, bondholder group reach tentative agreement with insurer

  Assured set to withdraw from lawsuit seeking receivership for the utility

  • Posted April 10, 2019
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  Bond insurers seek to put Puerto Rico power utility under receivership

  Move puts preliminary debt agreement in doubt

  • Posted October 4, 2018
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  Bond insurer urges Gov. Rosselló to increase electricity rates

  CEO of Assured Guaranty says Prepa rates are 'artificially depressed,' not compliant with applicable law

  • Posted July 21, 2017
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  Bond Insurers Call for Federal Fiscal Oversight, No Bankruptcy Regime for Puerto Rico

  SAN JUAN – In a letter sent Friday to House Speaker Paul Ryan (R., Wis.), the Association of Financial Guaranty Insurers (AFGI) states that providing a bankruptcy regime for Puerto Rico to restructure its debt obligations is...

  • Posted January 22, 2016
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• Judge to Consolidate Bond Insurer Lawsuits Against Puerto Rico

  SAN JUAN – Federal Judge Gustavo Gelpí has consolidated several lawsuits filed over Puerto Rico’s debt to avoid inconsistent rulings and save time and money. “Both cases assert most of the same claims,” including the same defendants,...

  • Posted January 22, 2016
  • 1
• Insurer FGIC Sues Puerto Rico Government

  SAN JUAN – Financial Guaranty Insurance Co. (FGIC) has sued the government in federal court, challenging the constitutionality of the recently issued executive order by Gov. Alejandro García Padilla to enable the so-called “clawback” mechanism because they...

  • Posted January 21, 2016
  • 0
• Kroll Bond Rating Agency Comments on Puerto Rico, Bond Insurers

  SAN JUAN – Kroll Bond Rating Agency (KBRA) has an outstanding insurance financial strength rating of AA+, with a stable outlook, on both Assured Guaranty Municipal Corp. (AGM) and National Public Finance Guarantee Corp. (National). These two...

  • Posted January 14, 2016
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