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Real Estate & Property Law

: Housing Wire

Moody?s Downgrades Ambac to Junk

By PAUL JACKSON

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The bond insurer brouhaha hasn’t yet run its course, with Moody’s Investors Service late Monday cutting Ambac Financial Group’s (ABK: 1.02 -10.53%) Ambac Assurance bond insurance unit to junk territory over concerns about rising RMBS losses. The ratings agency cut financial strength ratings of Ambac Assurance and the company’s UK-based arm by a whopping five notches [...]

Full post as published by Housing Wire on April 14, 2009 (boomark / email).

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