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Entries Tagged ‘Agency Moody’

FOCUS: Insurers Eye Emerging-Mkt Buys, Avoid Large M&A Deals

PARIS (Dow Jones)–Europe’s insurers remain in the hunt for small to midsize
acquisitions, with the action likely to center on promising emerging markets in
the East and South, while larger, balance-sheet-straining deals in mature markets
will likely have to wait as companies tread cautiously in the face of the global
credit crisis.
Insurance heavyweights such as Axa SA (AXA), Assicurazioni [...]

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Ambac gains on Moody’s comments; Goldman sees new capital raise

Ambac gains on Moody’s cautious assessment
Goldman expects Ambac and MBIA to raise another $3.4 billion each
By Alistair Barr, MarketWatch
Last Update: 4:22 PM ET Apr 24, 2008
SAN FRANCISCO (MarketWatch) — Ambac Financial shares rallied more than 7% on
Thursday after influential ratings agency Moody’s Investors Service issued a
cautiously supportive assessment of the bond insurer’s huge quarterly loss. [...]

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