Assured Guaranty withdraws PREPA lawsuit in Hurricane Maria aftermath
October 13, 2017 at 20:47 PM EDT
Oct 13 (Reuters) - Bond insurer Assured Guaranty Ltd said on Friday it voluntarily withdrew its lawsuit against Puerto Rico Electric Power Authority (PREPA) over the failure to apply pledged revenue to the payment of bonds because of the utility's need to focus on restoring the power grid damaged by Hurricane Maria.