Assured Guaranty Gets Capital From Wilbur Ross

Filed under Deals, Wilbur Ross - WL Ross

February 29, 2008 2:13 pm

Assured Guaranty Ltd., one of two bond insurers whose AAA credit ratings aren’t in jeopardy, said billionaire investor Wilbur Ross will invest as much as $1 billion in shares to help it win market share. WL Ross & Co., Ross’s New York-based investment firm, agreed to buy $250 million of common shares and committed to purchase another $750 million at the company’s discretion, Bermuda-based Assured Guaranty said today in a statement.

read the rest published by Bloomberg here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ao57eEw0yupU

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Assured Guaranty Gets Capital From Wilbur Ross

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