July 25 (Reuters) - Ambac Assurance Corp said on Friday its final settlement in Detroit's bankruptcy case over the treatment of limited-tax general obligation bonds that it insured for the city would...
in a litigation reserve related to Detroit's pension bond litigation. Ambac ( AMBC ) expects to continue to pay claims of scheduled principal and interest on the bonds insured by Ambac Assurance. Source: Press Release Post your comment!
surpassed bulls expectations, but long-term outlook is bullish – EPI ; small-stocks remain cheap – SCIF, MINDX ; pg 14]; Ambac Financial [ AMBC ; pg 14]. Pg 28: Funds of hedge funds assets peaked in 2007. Then came the financial crisis and the Madoff
Cable consolidation [ TWC & CHTR or CMCSA ? SNI & DISCA ?; pg 11]; REIT American Towers [ AMT ; pg 14]; bond insurer Ambac [ AMBC ; pg 15]; PVH [purchase of Calvin Klein bullish; pg 16]; metal distributer A.M. Castle [ CAS ; pg 18]. Bearish stories
debt was insured, although by insurers of varying credit quality, including 1.6% of general-obligation debt backed by Ambac , a nonrated insurer. Franklin Michigan Tax-Free FTTMX had a smaller stake, roughly 1% of assets in unsecured, general
city's insurers, including Syncora Capital Assurance and Ambac Assurance, issued public statements confirming their commitments ..... At the same time they reaffirmed their commitment to pay, Ambac stated it believes Orr's proposal and the failure of the state
SAN DIEGO, May 1 (Reuters) - The bankrupt California city of Stockton has reached a settlement with Ambac Assurance Corp over $13.3 million of city debt the company insures, the trustee for the debt...
things. The first is our investments in bond insurers, MBIA, Ambac , and Radian, which cost us about 1,000 basis points during ..... very attractively valued. And we don't have companies like Ambac and MBIA in there. So that if we do have a significant, say
* IRS must accept settlement for plan to become effective
Following Ambac Financial Group 's ABK filing of a Chapter 11 petition under ..... credit rating to D from C. Last week, Ambac announced that it had missed a scheduled ..... through a prepackaged bankruptcy. Ambac was not successful in reaching an