Assured Guaranty Ltd. (�AGL� and, together with its subsidiaries, �Assured
Guaranty� or the �Company�) is a Bermuda-based holding company incorporated in
2003 that provides, through its operating subsidiaries, credit protection
products to the United States (�U.S.�) and international public finance
(including infrastructure) and structured finance markets. The Company applies
its credit underwriting judgment, risk management skills and capital markets
experience to offer financial guaranty insurance that protects holders of debt
instruments and other monetary obligations from defaults in scheduled payments.
If an obligor defaults on a scheduled payment due on an obligation, including a
scheduled principal or interest payment (�Debt Service�), the Company is
required under its unconditional and irrevocable financial guaranty to pay the
amount of the shortfall to the holder of the obligation. Obligations insured by
the Company include bonds issued by U.S.