New York, August 19, 2013 -- Moody's has reviewed the Novation Agreement between National Public Finance Guarantee Corporation (National Public) and Financial Guaranty Insurance Company (FGIC). Under the Novation Agreement, which is part of the Plan of Rehabilitation for FGIC that takes effect today, the covered public finance policies are transferred to National Public and National Public has assumed the role of insurer under such policies. A Novation Endorsement has been issued by National Public which is available for all covered FGIC policies stating that references to FGIC are changed to National Public.

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