Triple-A Rated Assured Guaranty Corp. Provides New Issue Municipal Bond Insurance in the State of Alabama

Business Wire, May 15, 2008

NEW YORK -- Assured Guaranty Corp. ("Assured"), rated triple-A (stable) from the three leading global rating agencies, a subsidiary of Assured Guaranty Ltd. (NYSE:AGO), provided bond insurance on six new issue municipal bonds in the State of Alabama.

In the first quarter of 2008, Assured guaranteed more than $6.1 billion in new issue municipal bonds. Recent transactions include the following in Alabama:

* Alabama Water and Pollution Control Authority - $44,680,000 Revolving Fund Loan Refunding Bonds

* Cullman County Public Building Authority - $5,985,000 Building Revenue Warrants

* Fayette County Board of Education - $2,300,000 Capital Outlay Warrants

* Houston County - $8,925,000 General Obligation Warrants

* Public Educational Building Authority City of Leeds - $46,560,000 Educational Facilities Revenue Bonds

* City of Wetumpka - $4,090,000 General Obligation Warrants

"Assured is committed to doing business in the state of Alabama and have expanded our team significantly in 2008 to provide issuers with reliable and responsive service on their upcoming bond issues," said John Trahan, Managing Director, Public Finance. "We look forward to helping the state of Alabama finance their future bond issues."

Assured has extensive expertise in all types of municipal debt securities and has a dedicated team of underwriters focused on the small issuer market as well. Assured has extensive expertise in all types of municipal debt securities and has a dedicated team of underwriters focused on the small issuer market as well. In the first quarter, Assured achieved 30% new issue market share in total in the US new issue municipal market and has consolidated claims paying resources totaling $2.3 billion. Assured has recently been affirmed as triple-A (stable) by Moody's Investors Service, Standard & Poor's and Fitch Ratings.

Assured Guaranty Corp. is a leading provider of financial guaranty insurance in the U.S. and international public finance, structured finance and mortgage-backed securities markets. Assured Guaranty Corp. is rated triple-A (stable) by the three leading rating agencies and is licensed in all 50 states, the District of Columbia and Puerto Rico.

Assured Guaranty Ltd. is a Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international public finance, structured finance and mortgage markets. More information can be found at www.assuredguaranty.com.

Any forward-looking statements made in this press release reflect the Company's current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. For example, the Company's forward-looking statements, including its statements regarding the expansion of the consumer and mortgage-backed securities business, could be affected by a significant reduction in the amount of reinsurance ceded by one or more of our principal ceding companies, rating agency action such as a ratings downgrade, difficulties with the execution of the Company's business strategy, contract cancellations, developments in the world's financial and capital markets, more severe or frequent losses associated with products affecting the adequacy of the Company's loss reserve, changes in regulation or tax laws, governmental actions, natural catastrophes, the Company's dependence on customers, decreased demand or increased competition, loss of key personnel, technological developments, the effects of mergers, acquisitions and divestitures, changes in accounting policies or practices, changes in general economic conditions, other risks and uncertainties that have not been identified at this time, management's response to these factors, and other risk factors identified in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.