A US insurance firm with at least $2 billion in exposure to Thames Water Utilities Finance Plc is working with bondholders and advisers to protect their interests ahead of potential debt talks, according to people familiar with the matter. Assured …
Around noon one Wednesday in July, two school districts from California’s Central Valley auctioned off their bonds to Wall Street underwriters. Both had the same credit rating. The deals were of similar size. They were being issued for the same …
Assured Guaranty Ltd. has agreed to take over BlueMountain Capital Management, the $19.3 billion money manager that has come under pressure in recent months. Assured Guaranty will pay $160 million to buy out majority shareholder Affiliated Managers Group Inc. and …
Bond insurer Assured Guaranty sued Puerto Rico and its federally-appointed oversight board on Wednesday, saying their plan to resuscitate the storm-ravaged, bankrupt U.S. territory violates the U.S. Constitution by stripping creditors of property rights. Assured, which insures $5 billion of …
Hedge fund manager David Einhorn said on Monday that his Greenlight Capital was betting Assured Guaranty’s stock will fall, sending shares of the bond insurer down as much as 6 percent in after-hours trading. Einhorn, who is known to move …
Investors in Puerto Rico’s debt-burdened economy still face risks of default on some of the island’s $70 billion in debt even after the U.S. Congress on Wednesday created a powerful federal oversight board to manage credit restructurings. U.S. President Barack …
A second lawsuit over Puerto Rico’s debt default will be joined with a similar suit in order to save time and money and avoid inconsistent rulings, a U.S. federal judge said on Thursday. Financial Guaranty Insurance Co., or FGIC, sued …
Stockton, Calif. and Assured Guaranty have reached an agreement to restructure more than $150 million of outstanding debt to help the city exit from bankruptcy, a top city official and the bond insurer said. Under the terms of the agreement, …
