{"id":8164,"date":"2008-07-22T00:00:00","date_gmt":"2008-07-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"assured-guaranty-says-profit-will-surge-on-derivatives-gains","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/assured-guaranty-says-profit-will-surge-on-derivatives-gains.html","title":{"rendered":"Assured Guaranty Says Profit Will Surge on Derivatives Gains"},"content":{"rendered":"<p>Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit derivatives.             <\/p>\n<p>The company, whose second-biggest shareholder is billionaire investor Wilbur Ross, expects to post net income ranging from $515 million to $565 million, or $6.18 per share, for the quarter ended June 30, due to unrealized gains between $475 million and $525 million on credit derivatives, according to a statement today. Profit was $32.8 million, or 47 cents a share, in the same period of 2007.     <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601203&#038;sid=apdHp_QS3HDQ&#038;refer=insurance\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit derivatives. The company, whose second-biggest shareholder is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[249,281,795,1232,63,1627,135],"class_list":["post-8164","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asset-management","tag-conglomerate","tag-credit-cards","tag-federal-reserve-chairman","tag-first-avenue","tag-previous-year","tag-spanish-banks"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8164"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8164\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}