Assured Guaranty Corp. (AGC), a subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty), has guaranteed the 2014-C notes issued by Garanti Diversified Payment Rights Finance Company. This transaction denotes renewed interest from issuers and investors in Assured Guaranty wrapped asset-backed securities (ABS). The Garanti transaction is Assured Guaranty’s first diversified payment rights (DPR) transaction in Turkey since 2006.

The 2014-C notes are backed by future dollar, euro and pound-denominated remittances due to Türkiye Garanti Bankası A.Ş. (Garanti) from various U.S. and European correspondent banks. Garanti is the second largest private bank in Turkey and provides services in all business lines including payment systems, retail, commercial, corporate, private and investment banking. AGC guaranteed the entire $200 million of 2014-C notes issued. "We are pleased to once again partner with Assured Guaranty on our DPR program in order to achieve an efficient and cost-effective execution," said Ozlem Gokceimam, Garanti Manager and Head of Structured Finance, Financial Institutions.

“Garanti has a strong export finance and remittance processing platform and a loyal customer base,” said Paul Livingstone, Assured Guaranty Senior Managing Director, Structured Finance. “Our insurance both increased the demand and improved capital efficiency for the transaction.”

Assured Guaranty's Structured Finance team plans to participate in additional primary and secondary market DPR transactions in Turkey as well as Latin America and other emerging markets. In addition to DPR and other future flow transactions, AGC is active in the consumer and commercial ABS space in the equipment, subprime auto, consumer loan, timeshare and aircraft sectors, among others.

About AGC

AGC is a Maryland-domiciled insurance company regulated by the Maryland Insurance Administration and licensed to conduct financial guaranty insurance business in all 50 states of the United States, the District of Columbia and Puerto Rico. AGC commenced operations in 1988. AGC is a wholly owned, indirect subsidiary of Assured Guaranty Ltd. (AGL), a Bermuda-based holding company whose shares are publicly traded and are listed on the New York Stock Exchange under the symbol AGO. AGL, through its operating subsidiaries, provides credit enhancement products to the U.S. and global public finance, infrastructure finance and structured finance markets.

Cautionary Statement Regarding Forward-Looking Statements:

Any forward-looking statements made in this press release reflect the current views of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty) with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements, including statements about the demand for Assured Guaranty’s financial guaranty insurance and the sectors of the market in which it may participate. Readers should also consider the other risk factors contained in Assured Guaranty's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which are made as of May 14, 2014, and Assured Guaranty undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.