In response to Puerto Rico Governor Garcia Padilla's statement reported
on Friday, January 8 that there is no legal framework to address Puerto
Rico's debt disputes and that "the Commonwealth and its creditors will
soon face the opposite of due process and rule of law," Dominic
Frederico, President and CEO of Assured Guaranty Ltd. AGO
(together with its subsidiaries, Assured Guaranty), made the following
statement:
"We're disappointed that the Governor continues to focus his efforts on
chapter 9 bankruptcy access rather than initiating solutions that
promote a consensual resolution of the island's fiscal, economic and
structural problems. It is ironic that the Governor's remarks feign
concern about the absence of a legal framework, due
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