Founded in 1997, ACA Financial Guaranty Corporation is a monoline bond insurance
company licensed in 50 states and 5 territories and regulated by the Maryland Insurance
Administration.
On August 8, 2008, the Company and counterparties to its structured finance products
reached an agreement on a restructuring plan for ACA. The plan, approved by the
Maryland Insurance Administration, provided for settlement of the structured finance
obligations and protection for ACA’s municipal policyholders. ACA will operate as
a runoff insurance company and focus on actively managing its remaining insured
municipal obligations.
ACA’s portfolio consists of more than 300 obligors guarantying timely payment
of principal and interest on approximately $6 billion of generally high yield municipal
bonds.
Media inquiries should be directed to:
Sloane & Company
(212) 446-1860
esloane@sloanepr.com
February 28th, 2011
ACA Posts 2010 Annual Statement
Press Release
January 6th, 2011
Abacus Litigation
Press Release,
Complaint
April 19th, 2010
Abacus 2007-AC1
Since 2008, ACA Financial Guaranty Corporation has cooperated with a Securities and Exchange Commission
(the “SEC”) inquiry focused on a specific collateralized debt obligation (“CDO”) transaction – Abacus
2007-AC1. ACA Management L.L.C., a subsidiary of ACA Financial Guaranty Corporation, acted as the portfolio
selection agent in that transaction. On April 16, 2010, the SEC announced a civil action against Goldman
Sachs & Co. and one of its employees in connection with this CDO. No ACA entity or individual is accused
of any violation by the SEC in this action.
December 15th, 2008
Standard & Poor's: ACA Financial Guaranty Corp. Ratings Raised To 'B'; Ratings Are Withdrawn
August 8th, 2008
Insurance Commission Approves ACA Financial Guaranty
Corporation Settlement & Restructuring Plan