Financial Guaranty Insurance Company (FGIC) is a leading insurer of municipal
bonds, both newly issued and those traded in the secondary market. We also insure a variety of non-municipal structured obligations, including mortgage-backed securities, asset-backed securities and asset-backed commercial paper conduits. We guarantee the timely payment of scheduled principal and interest on securities we insure. The FGIC guaranty is irrevocable and non-cancelable.

FGIC’s financial strength is rated Aaa/AAA/AAA, the highest ratings assigned by
Moody’s Investors Services, Inc., Standard & Poor’s and Fitch Ratings, respectively.