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  "documentTitle": "Assured Guaranty (AGO)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
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  "presentationDate": "2018-04-23 00:00:00",
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  "notes": "The slide uses the 'Weeble' metaphor (a toy that wobbles but doesn't fall down) to describe the company's resilience during the financial crisis.",
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      "text": "Assured Guaranty Corp. (AGC) Moody's Rating",
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      "text": "Moody's Rating: A3",
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      "text": "AGO started Triple-A but Moody's downgraded it in 1999 due to industry competition. This probably saved the company because without a Triple-A rating from both S&P and Moody's during the peak of the structured credit mania, it couldn't compete and wrote less bad business guaranteeing the toxic CDOs that brought down most bond insurers. After the financial crisis, AGO wobbled but didn't fall down.",
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      "text": "Source: Moody's Investors Service rating of Assured Guaranty Corp (AGC), retrieved April 2018. AGC is a wholly owned subsidiary of AGO which underwrites guarantees for municipal bonds and infrastructure transactions.",
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