Assured Guaranty Municipal Corp. is a company that protects investors and issuers of municipal bonds and infrastructure financings.
It is part of the Assured Guaranty group, the leading provider of financial guaranty insurance.
It guarantees timely payment of principal and interest on debt obligations that fund essential public services and projects around the world.
Who is the CEO of Assured Guaranty Ltd?
The CEO of Assured Guaranty Municipal Corp. is Dominic J. Frederico, who is also the President and CEO of Assured Guaranty Ltd., the parent company of the group.
He has been leading the company since 2003 and has overseen its growth and expansion in the financial guaranty industry.
He has a long and successful career in the insurance sector, having worked for various subsidiaries of ACE Limited and American International Group before joining Assured Guaranty.
Assured Guaranty Municipal Corp. New York contact
|Assured Guaranty Municipal Corp. New York
|+1 212 974 0100
|1633 Broadway, New York, NY 10019, USA
|Customer Service contact
|You can contact the customer service of Assured Guaranty Municipal Corp. through their website or email. The website is https://assuredguaranty.com/contact and the email is firstname.lastname@example.org.
|Assured Guaranty Municipal Corp. provides financial guaranty insurance for municipal bonds and infrastructure financings. It guarantees the scheduled principal and interest payments when due, even if the issuer defaults. You can find more details about their policies and products on their website or by contacting their customer service.
|The general email address of Assured Guaranty Municipal Corp. is email@example.com. You can also find specific email addresses for different departments or regions on their website.
|+1 212 581 3268
|I could not find the exact operating hours of Assured Guaranty Municipal Corp. New York, but according to their website, they are open from Monday to Friday, excluding public holidays. You may want to contact them directly to confirm their availability.
What does assured guaranty do?
Assured Guaranty is a company that provides financial guaranty insurance for municipal bonds and infrastructure financings.
It guarantees that the investors will receive their scheduled principal and interest payments when due, even if the issuer defaults.
It also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP.
What is the rating of AGM?
AGM is part of the Assured Guaranty group, which has its corporate headquarters in Bermuda.
According to the web search results, the rating of AGM is as follows:
- Standard & Poor’s: AA (stable outlook) as of June 2021.
- Moody’s: A2 (stable outlook) as of July 2021.
- Fitch Ratings: AA- (stable outlook) as of July 2021.
The rating reflects the company’s strong capitalization, diversified portfolio, and solid operating performance.
However, it also considers the company’s exposure to credit risk, litigation risk, and regulatory risk .
Assured Guaranty Municipal Corp. New York claims
- Claim process: If you are a bondholder or trustee of a bond insured by Assured Guaranty Municipal Corp., you can file a claim for payment if the issuer defaults or delays the scheduled principal or interest payment. You can file a claim by submitting a claim form and a proof of ownership to the company’s claims department. You can find the claim form and the contact details on their website.
- Claim status: You can check the status of your claim by contacting the company’s claims department by phone, fax, or email. You can also visit their website to see the list of bonds that are currently in default or under surveillance.
- Required documents for claims: The required documents for claims include a completed claim form and a proof of ownership, such as a copy of the bond certificate, a confirmation statement, or a trustee statement. You may also need to provide additional documents depending on the type and terms of the bond.
- Average claim approval time: The average claim approval time may vary depending on the complexity and circumstances of each case. However, the company aims to process and pay valid claims as soon as possible, usually within 30 days of receipt.
What insures municipal bonds?
What are the two types of municipal bonds?
Municipal bonds are debt securities issued by state and local governments.
They are used to fund public projects, such as roads, schools, or hospitals.
There are two main types of municipal bonds: general obligation bonds and revenue bonds.
- General obligation bonds are backed by the taxing power of the issuer. They are used to finance general public services, such as education, health, or safety.
- Revenue bonds are backed by the revenue from a specific project or source, such as tolls, fees, or rents. They are used to finance self-supporting projects, such as utilities, airports, or stadiums.
Are municipal bonds good or bad?
Municipal bonds have some advantages and disadvantages for investors. Here are some of them:
- Municipal bonds are usually exempt from federal income taxes, and sometimes from state and local taxes as well. This can lower your tax burden and increase your after-tax return.
- Municipal bonds are generally low-risk investments, as they have a very low default rate compared to corporate bonds. They are also backed by the taxing power or the revenue of the issuer.
- Municipal bonds are relatively liquid, as they can be easily bought and sold in the secondary market. They also have a variety of maturities and yields to suit different investor preferences.
- Municipal bonds tend to have lower yields than comparable taxable bonds, as they offer tax benefits. This means that they may not provide enough income or growth for some investors.
- Municipal bonds are subject to interest rate risk, as their prices move inversely with market interest rates. If interest rates rise, the value of your bond will fall, and vice versa.
- Municipal bonds may also face credit risk, political risk, or regulatory risk, depending on the issuer and the project. For example, if the issuer faces financial difficulties or legal challenges, it may default on its obligations or reduce its payments.
What is the minimum amount you need to invest in municipal bonds?
Most municipal bonds are issued in $5,000 increments.
Municipal bonds may be included in some exchange-traded funds (ETFs) as well as mutual funds, allowing investors to purchase bond fractions.
What term lengths are available for municipal bonds?
Municipal bonds are debt securities issued by state and local governments to fund public projects. The term length of municipal bonds can vary from one to 30 years.
Short-term bonds mature in one to three years, while long-term bonds mature in 10 years or more.
The term length affects the interest rate and the price sensitivity of the bond.
Generally, longer-term bonds have higher interest rates and are more sensitive to changes in market interest rates than shorter-term bonds.
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