Assured Guaranty Statement on Stockton’s Chapter 9 Eligibility Ruling

  Assured Guaranty Statement on Stockton’s Chapter 9 Eligibility Ruling

Assured Guaranty Calls on City Leadership to Engage in Good-Faith Negotiations
    on a Plan That Treats All Stakeholders in a Fair and Equitable Manner

Business Wire

HAMILTON, Bermuda -- April 1, 2013

Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty)
(NYSE:AGO) stated today that it respectfully disagrees with the Court’s ruling
that the City of Stockton met its burden of satisfying the Chapter 9
eligibility requirements. Further, Assured Guaranty believes that the
proceedings last week demonstrated that the citizens and other stakeholders of
Stockton will all benefit from a consensual approach that truly resolves the
City’s financial predicament and treats all of Stockton’s stakeholders in a
fair and equitable manner.

Assured Guaranty noted that Judge Klein stated that the question of
eligibility was “very much of a preliminary hearing, much like a qualifying
heat in a race for a sporting event.”

The Court also observed that the real, substantive issues posed by the City's
chapter 9 filing, including the ability of the City’s Ask to result in a fair,
equitable and feasible Plan of Adjustment, will be addressed during the plan
confirmation stage. Assured Guaranty believes that the City's current Ask
falls short of the fairness requirements mandated by Chapter 9.

Assured Guaranty remains committed to working with the City to find a
productive path forward that addresses the challenges facing the City. For
example, Assured Guaranty has identified a number of practical solutions that
will allow the City to emerge from bankruptcy in a much stronger position than
when it entered and believes these solutions provide a realistic avenue to
reach a consensual resolution with all stakeholders. Together with Stockton’s
taxpayers and residents, Assured Guaranty has a substantial interest in seeing
the City emerge from its financial predicament as a viable and sustainable
governmental enterprise for the long term. Assured Guaranty looks forward to
the City working with it and all the other stakeholders on a collective
approach to achieve that goal.

Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty or the
Company) is a publicly traded Bermuda-based holding company. Its operating
subsidiaries provide credit enhancement products to the U.S. and international
public finance, infrastructure and structured finance markets. More
information on Assured Guaranty and its subsidiaries can be found at

Cautionary Statement Regarding Forward-Looking Statements:

Any forward-looking statements made in this press release reflect the
Company's current views with respect to future events and financial
performance 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. Readers are cautioned not to place undue
reliance on these forward-looking statements. These forward-looking statements
are made as of April 1, 2013, and 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.


Assured Guaranty
Robert Tucker, 212-339-0861
Managing Director, Investor Relations and Corporate Communications
Kekst and Company Incorporated
Jeremy Fielding, 212-521-4858
Donald C. Cutler, 415-852-3903
Ashweeta Durani, 212-408-6042
Vice President, Corporate Communications
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