Tag Archives: Ambac Financial Group

Moody’s may downgrade MBIA, Ambac on concerns

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service said Wednesday it may
downgrade the Aaa insurance financial strength ratings of MBIA Inc.’s and Ambac
Inc.’s insurance units. Also, Moody’s said it may downgrade Ambac Financial
Group’s Aa3 debt ratings, and the Aa2 surplus note rating of MBIA Insurance Corp.
and the Aa3 ratings of MBIA Inc. The moves reflect Moody’s [...]

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Lorillard to replace Ambac Financial in S&P 500 Index

LOS ANGELES (MarketWatch) — Tobacco company Lorillard Inc. will replace Ambac
Financial Group Inc. in the S&P 500 Index , Standard & Poor’s said Tuesday
evening. The change will occur after the close of trading June 10. Lorillard is
being distributed via a two-tiered process that involves the retirement of a
portion of tracking stock Carolina Group , and [...]

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UPDATE: Ambac Wrote Down $228M In CDOs In April Amid Woes

DOW JONES NEWSWIRES
Ambac Financial Group Inc. (ABK) said it wrote down $228 million in
collateralized-debt obligations in April as it continues to be weighed down by
the credit crunch.
In a monthly update on its pretax financial data, the second-largest bond insurer
also reported a $53.4 million loss on fair-value changes in its investment
portfolio more than offset [...]

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Ambac Responds to Article Related to Its Second Lien RMBS Exposure

Ambac Responds to Article Related to Its Second Lien RMBS Exposure
NEW YORK, May 22, 2008 (BUSINESS WIRE) — Ambac Financial Group, Inc. (ABK)
(Ambac) today responded to a Credit Sights article published on May 21, 2008 that
calls into question the current level of Ambac’s loss reserves on its second lien
RMBS exposure. In the article Credit Sights [...]

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Harbinger Reports Reduced Stakes In Bond Insurers MBIA, Ambac

Harbinger Reports Reduced Stakes In Bond Insurers MBIA, Ambac
Last Update: 5/15/2008 11:35:11 AM
DOW JONES NEWSWIRES
Hedge fund Harbinger Capital Partners and affiliates reported Thursday reduced
stakes in bond insurers MBIA Inc. (MBI) and Ambac Financial Group Inc. (ABK) in
their first-quarter holdings reports.
At March 31, the hedge fund group reported holding 880,300 shares of MBIA, worth
$10.8 million, down [...]

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