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Assured Gty (AGO) - Puerto Rican blues

11 December 2013 by HCM

After a good run like the rest of the market since the beginning of November, AGO ( Assured Guaranty Ltd.) gave back most its gains over the last week or so despite a generally stable market. FED taper is definitely not helping financials, but worries regarding Assured Guaranty's exposure to Detroit and above all to Puerto Rico have resurfaced recently and taken their toll.