Business Context and Reporting Period
This Form 8-K was filed by Assured Guaranty Ltd. (AGL) on August 6, 2010. The report concerns the re-filing of amended consolidated financial statements for its subsidiary, Assured Guaranty Corp. (AGC), covering the year ended December 31, 2009, and the three months ended March 31, 2010.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves solely to re-file previously submitted financial statements with minor amendments to footnote disclosures regarding financial strength ratings.
Material Changes Versus Prior Period
There are no material changes to the financial figures or the substance of the statements compared to the versions filed on March 22, 2010, and May 26, 2010. The only changes are minor adjustments to footnote disclosures listing AGC's current financial strength ratings.
Guidance, Outlook, and Management Commentary
Management states the amendments are necessary to comply with changes in Securities and Exchange Commission rules regarding the consent of rating agencies when their published ratings are included in registration statements. The updated statements are intended to be incorporated by reference in registration statements for securities guaranteed by AGC. No new guidance, outlook, or risk factors are introduced in this filing.
Important Facts for Investors to Verify
- The financial statements attached (Exhibits 99.1 and 99.2) are identical in all respects to previously filed versions except for footnote disclosures.
- The amendments address regulatory requirements concerning rating agency consents rather than changes in financial performance.
- Investors should refer to the original filings from March 22, 2010, and May 26, 2010, for the actual financial data.