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