New York, January 13, 2017 -- Moody's Investors Service, ("Moody's") has upgraded the insurance financial strength (IFS) rating of Assured Guaranty (London) Ltd. (Assured Guaranty London -- formerly MBIA UK Insurance Limited) to Baa2 from Ba2 following its acquisition by Assured Guaranty Corp. (AGC -- IFS rating A3/stable). This rating action concludes a review for upgrade that was initiated on 29 September 2016. Prior to the company's acquisition by AGC, MBIA UK Insurance Limited was a wholly owned subsidiary of MBIA Insurance Corporation (MBIA Corp. -- IFS rating Caa1/developing). The outlook for the rating is stable.
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