Puerto rico hta bankruptcy exit reduces assured guaranty's insured puerto rico exposure by $711 million; assured guaranty continues to protect insured bondholders

Hamilton, bermuda--( business wire )--on december 6, 2022, the modified fifth amended title iii plan of adjustment of the puerto rico highways and transportation authority (the hta plan) went into effect, marking the exit of the puerto rico highways and transportation authority (hta) from bankruptcy under the puerto rico oversight, management, and economic stability act (promesa). under the hta plan, assured guaranty municipal corp. (agm) and assured guaranty corp. (agc), two bond insurance subsidiaries of assured guaranty ltd. (nyse: ago) (together with its subsidiaries, assured guaranty) resolved their exposure to the hta bonds that each had insured.
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