"We have decided to suspend writing new business with the standard Restructuring language, even at the "super AAA" level."-- Michael Schozer, managing director and head of structured finance and credit derivatives at Ambac Assurance Corp. in New York, commenting on the fact that Ambac has suspended writing credit protection on pools of corporate obligations that include standard or modified restructuring. For complete story, click here.
UBS Plans Singapore Credit Desk
