Moody's, S&P confirm Ambac's AAA rati...

Moody's, S&P confirm Ambac's AAA ratings; Fitch at AA

There are 1 comment on the MarketWatch story from Mar 13, 2008, titled Moody's, S&P confirm Ambac's AAA ratings; Fitch at AA. In it, MarketWatch reports that:

“This is a critical milestone in our plan to restore market confidence in our financial strength”

Moody's Investors Service and Standard & Poor's stuck with their AAA ratings on Ambac Financial's bond insurance units late Wednesday after the company successfully raised $1.5 billion selling new stock and ... via MarketWatch

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Steve

Sharon, MA

#1 Mar 13, 2008
They have capital now, but will the market for bond insurance dry up? Reports that municipalities generally don't need it, and one wonders if the securitized world will ever be the same.

Not a stock I would buy...

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