Statement on Atlantic City, New Jersey

May 2, 2016

As of March 31, 2016, Assured Guaranty insurance was in force on net par of $73 million of Atlantic City, New Jersey, unlimited tax general obligation bonds, which have a final maturity of 2032. 

The average annual principal payment due on the insured bonds is $3.7 million per year over the next ten years, and the average annual debt service over that period is $5.7 million.

The insured bondholders are currently benefiting from their bonds’ relative price stability compared with similar uninsured Atlantic City bonds. Additionally, as always, investors owning bonds insured by Assured Guaranty can be certain that they will continue to receive uninterrupted full and timely payment of scheduled principal and interest when due, in accordance with the terms of Assured Guaranty’s insurance policies.