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Assured Guaranty Ltd. said Aug. 1 that its net par outstanding exposure to U.S. subprime residential mortgage-backed securities was $6.7 billion as of June 30.
Assured Guaranty said 93.9% of its subprime bonds are rated AAA and nearly half consist of super senior AAA-rated tranches. The company's financial guaranty direct segment accounts for 95.1% of...