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Assured Guaranty Insures $600 Million in Third Transaction for JFK International Airport's New Terminal One Project

1. AGO insured $600 million in bonds for JFK New Terminal One project. 2. Total bonds insured by AGO for JFK NTO reaches $2.2 billion.

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FAQ

Why Bullish?

Insuring significant bonds improves AGO's revenue stability and market position. Historical examples show similar transactions positively influenced stock prices.

How important is it?

The bond guarantee enhances AGO's portfolio and showcases its underwriting strength. This can attract more clients and improve future earnings potential.

Why Short Term?

Immediate cash flow and revenue recognition likely to boost AGO's performance metrics. Similar past transactions led to short-term stock surges.

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NEW YORK--(BUSINESS WIRE)--Assured Guaranty Inc. (AG)* has insured $600 million of Special Facilities Revenue Bonds issued by the New York Transportation Development Corporation on behalf of JFK New Terminal One (JFK NTO), a consortium comprising of Ferrovial Airports, JLC Infrastructure, Ullico Inc. and Carlyle. This is the third transaction AG has insured for JFK NTO, for a total of $2.2 billion out of the $5.9 billion of bonds issued to date by JFK NTO. The other two successful transactions.

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