Recently lost their AAA rating by Moody's I believe AGO is screaming BUY.

Statement by Dominic Frederico, President and Chief Executive Officer of Assured Guaranty Ltd.:

“We are disheartened by Moody’s downgrade of the debt and insurer financial strength ratings of Assured and its subsidiaries, despite our best efforts to address each and every concern raised by Moody’s during the review process. In a market environment that requires more measured and consistent approaches from regulators, legislators and the rating agencies, Moody’s behavior has been counterproductive. Their repeated and prolonged credit review process has exacerbated investors’ fears and harmed overall financial market credibility which ultimately has created more uncertainty about the value of our product than was necessary.
“In particular, we believe that Moody’s concept of franchise value and financial flexibility should not factor as strongly in the credit rating evaluation process. In Moody’s current publication on the “Changing Business of Financial Guaranty Insurance,” they state: “Moody’s methodology for rating financial guarantors is designed to assess the ability of a financial guaranty operating company to pay senior policyholder claims and obligations in a timely manner.” Their announcement today is clearly focused on their speculative outlook for financial markets and the near-term demand for financial guaranty insurance. It is not based on their own analysis of our capital adequacy and portfolio quality, which are the most important factors for determining the potential for future claims and our ability settle all obligations when due. Their actions are especially disappointing given our recent announcement of our agreement to purchase Financial Security Assurance Holdings, Ltd., the parent company of Financial Security Assurance, and the fact that Moody’s provided no time for the market to assimilate the impact of this extremely beneficial combination, which we expect to close in the first quarter of 2009. The combination of our two companies will provide investors with better risk diversification, greater claims paying resources and a larger capital base. These are all attributes that are in high demand, particularly during these stressful times.

“Since the announcement of Moody’s credit review on July 21, 2008, Assured has held several meetings with Moody’s staff to answer specific questions about the Company and to review numerous portfolio analyses and stress cases, including an update on the credit performance and stress case scenarios for our U.S. residential mortgage backed securities and pooled corporate portfolios. In addition, we reviewed our corporate governance processes, single risk limits and portfolio concentrations.