Assured Guaranty Corp. Guarantees Its Third LEAF Equipment Leasing Securitization

  Assured Guaranty Corp. Guarantees Its Third LEAF Equipment Leasing

Business Wire

NEW YORK -- October 3, 2013

Assured Guaranty Corp. (AGC) (NYSE: AGO) has guaranteed four classes of notes
issued by LEAF Receivables Funding 9, LLC. The 2013-1 notes are backed by
small ticket equipment lease and loan contracts originated and serviced by
LEAF Commercial Capital, Inc. (LEAF), an equipment leasing and finance company
based in Philadelphia. Credit Suisse Securities (USA) LLC was the book runner
and structuring agent of the notes with Guggenheim Securities, LLC as joint
lead and Natixis Securities Americas, LLC as co-manager. AGC guaranteed $273
million of the $325 million issued.

In part due to AGC’s role as guarantor, the four classes of wrapped notes
received the highest structured finance ratings from Moody’s: P-1(sf) for the
short-term Class A-1 Notes and Aaa(sf) for the medium-term A-2, A-3 and A-4
Notes. In addition to lowering the all-in cost of capital, the insurance
helped add to and diversify LEAF’s funding sources.

This was LEAF’s third consecutive term securitization wrapped by AGC. “LEAF
has a strong origination and servicing platform and experienced management
team,” said Paul Livingstone, Senior Managing Director of AGC’s Structured
Finance department. “We’re pleased that our financial guaranty, including our
strong surveillance capabilities, allow LEAF to achieve the highest structured
finance ratings possible.”

According to Miles Herman, LEAF’s President and COO, “Assured Guaranty’s
participation in this transaction benefited both LEAF, from an execution and
pricing standpoint, and our investors, who benefit from the strong
underwriting and oversight that AGC provides.”

In addition to the LEAF transaction, AGC's Structured Finance team has been
active with secondary market wraps and remains committed to the consumer and
commercial ABS space in the subprime auto, equipment, container, timeshare and
aircraft sectors, among others.

About AGC

AGC is a Maryland-domiciled insurance company regulated by the Maryland
Insurance Administration and licensed to conduct financial guaranty insurance
business in all 50 states of the United States, the District of Columbia and
Puerto Rico. AGC commenced operations in 1988. AGC is a wholly owned, indirect
subsidiary of Assured Guaranty Ltd. (AGL), Bermuda-based holding companies
whose shares are publicly traded and are listed on the New York Stock Exchange
under the symbol AGO. AGL, through its operating subsidiaries, provides credit
enhancement products to the U.S. and global public finance, infrastructure
finance and structured finance markets.

Cautionary Statement Regarding Forward-Looking Statements:

Any forward-looking statements made in this press release reflect the current
views of Assured Guaranty Ltd. (together with its subsidiaries, Assured
Guaranty) 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, including statements about the demand for Assured Guaranty’s
financial guaranty insurance and the sectors of the market in which it may
participate, Assured Guaranty’s surveillance capabilities, and its ability to
maintain its financial strength ratings. Readers should also consider the
other risk factors contained in Assured Guaranty's 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 October 3, 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 Corp.
Robert Tucker, 212-339-0861
Managing Director, Investor Relations and Corporate Communications
Ashweeta Durani, 212-408-6042
Vice President, Corporate Communications
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