Fitch Assigns 'AA' Assured Guaranty Municipal Corp. Insured Issue Rating; Outlook Negative

Fitch Ratings assigns an Assured Guaranty Municipal Corp. Insurer Financial Strength (IFS) rating of 'AA' with a Negative Rating Outlook to the issue listed below. As of Oct. 19, 2009, Fitch will solely provide insured ratings on bonds for which it has underlying ratings. Bond ratings for insured bonds are reflected on Fitch's web site as the higher of the IFS rating and the underlying rating. Further detail on the IFS and underlying rating for each CUSIP can be found on Fitch's web site at www.fitchratings.com.

Deer Valley Unified School District No. 97 (AZ)

--$9,250,000 school improvement bonds (Project 2008), series 2010 A-1;

--$20,750,000 taxable school improvement bonds (Project 2008), series 2010 A-2.

--Bond rating: 'AA' with a Negative Outlook (assigned Feb. 9, 2010);

--Underlying rating: 'A+' with a Negative Outlook (assigned Jan. 14, 2010).

Additional information is available at www.fitchratings.com.

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