{"id":442062,"date":"2021-02-23T09:13:15","date_gmt":"2021-02-23T14:13:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=442062"},"modified":"2021-02-23T09:13:15","modified_gmt":"2021-02-23T14:13:15","slug":"assured-guaranty-conditionally-supports-revised-puerto-rico-go-and-pba-plan-support-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/assured-guaranty-conditionally-supports-revised-puerto-rico-go-and-pba-plan-support-agreement\/","title":{"rendered":"Assured Guaranty Conditionally Supports Revised Puerto Rico GO and PBA Plan Support Agreement"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Assured Guaranty Conditionally Supports Revised Puerto Rico GO and PBA Plan Support Agreement<\/b><\/p>\n<p>HAMILTON, Bermuda&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nToday, Assured Guaranty Municipal Corp. and Assured Guaranty Corp., each a subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, \u201cAssured Guaranty\u201d) agreed to conditionally support a revised Puerto Rico GO and Public Buildings Authority (PBA) Plan Support Agreement (PSA) with the Financial Oversight and Management Board and other creditors of Puerto Rico and the PBA, as well as with the tacit support of the Commonwealth of Puerto Rico. The bond insurer made the following statement:\n<\/p>\n<p>\nAssured Guaranty has consistently supported a consensually negotiated and comprehensive approach to resolving Puerto Rico\u2019s current financial challenges. It conditionally supports this agreement with the express understanding that the government parties will work with Assured Guaranty to make the agreement part of such a comprehensive solution.\n<\/p>\n<p>\nAssured Guaranty will continue to work diligently and constructively toward a comprehensive resolution of any remaining issues with the GO and PBA bonds along with other related Puerto Rico credits, such as the Highway and Transportation Authority bonds, Convention Center District Authority bonds, and others, in a manner that respects its legal rights and achieves the ultimate goal of bringing the Title III process to a fair and expeditious conclusion.\n<\/p>\n<p>\nAssured Guaranty Ltd. is a publicly traded (NYSE: AGO), Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets and also provides asset management services. More information on Assured Guaranty Ltd. and its subsidiaries can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fassuredguaranty.com%2F&amp;esheet=52383815&amp;newsitemid=20210223005736&amp;lan=en-US&amp;anchor=AssuredGuaranty.com&amp;index=1&amp;md5=8f6ca6ac41c7c8d062a83a2a6d252b79\">AssuredGuaranty.com<\/a>.\n<\/p>\n<p>\nAny forward-looking statements made in this statement reflect Assured Guaranty\u2019s current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. These risks and uncertainties include, but are not limited to, those resulting from the failure of the parties to develop a comprehensive solution to all of the Puerto Rico credits to which Assured Guaranty is exposed; the failure of a Title III plan of adjustment based on the terms of the PSA to be confirmed under the Puerto Rico Oversight, Management, and Economic Stability Act; future litigation, and other risks and uncertainties that have not been identified at this time, management&#8217;s response to these factors, and other risk factors identified in Assured Guaranty\u2019s filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which are made as of February 23, 2021. Assured Guaranty undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210223005736r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210223005736\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210223005736\/en\/<\/a><\/span><\/p>\n<p>\nAssured Guaranty Ltd.<br \/>\n<br \/>Robert Tucker, 212-339-0861<br \/>\n<br \/>Senior Managing Director, Investor Relations and Corporate Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:rtucker@agltd.com\">rtucker@agltd.com<\/a><\/p>\n<p>\nMedia:<br \/>\n<br \/>Ashweeta Durani, 212-408-6042<br \/>\n<br \/>Vice President, Corporate Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:adurani@agltd.com\">adurani@agltd.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Puerto Rico Caribbean Bermuda<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Insurance Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210223005736\/en\/405102\/3\/AG.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Assured Guaranty Conditionally Supports Revised Puerto Rico GO and PBA Plan Support Agreement HAMILTON, Bermuda&#8211;(BUSINESS WIRE)&#8211; Today, Assured Guaranty Municipal Corp. and Assured Guaranty Corp., each a subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, \u201cAssured Guaranty\u201d) agreed to conditionally support a revised Puerto Rico GO and Public Buildings Authority (PBA) Plan Support Agreement (PSA) with the Financial Oversight and Management Board and other creditors of Puerto Rico and the PBA, as well as with the tacit support of the Commonwealth of Puerto Rico. The bond insurer made the following statement: Assured Guaranty has consistently supported a consensually negotiated and comprehensive approach to resolving Puerto Rico\u2019s current financial challenges. It conditionally supports this agreement with the express understanding that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/assured-guaranty-conditionally-supports-revised-puerto-rico-go-and-pba-plan-support-agreement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Assured Guaranty Conditionally Supports Revised Puerto Rico GO and PBA Plan Support Agreement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-442062","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Assured Guaranty Conditionally Supports Revised Puerto Rico GO and PBA Plan Support Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/assured-guaranty-conditionally-supports-revised-puerto-rico-go-and-pba-plan-support-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Assured Guaranty Conditionally Supports Revised Puerto Rico GO and PBA Plan Support Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Assured Guaranty Conditionally Supports Revised Puerto Rico GO and PBA Plan Support Agreement HAMILTON, Bermuda&#8211;(BUSINESS WIRE)&#8211; Today, Assured Guaranty Municipal Corp. and Assured Guaranty Corp., each a subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, \u201cAssured Guaranty\u201d) agreed to conditionally support a revised Puerto Rico GO and Public Buildings Authority (PBA) Plan Support Agreement (PSA) with the Financial Oversight and Management Board and other creditors of Puerto Rico and the PBA, as well as with the tacit support of the Commonwealth of Puerto Rico. The bond insurer made the following statement: Assured Guaranty has consistently supported a consensually negotiated and comprehensive approach to resolving Puerto Rico\u2019s current financial challenges. 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