Collateral Calls Follow Ambac Rating Cuts

08 Jul 2008

Ambac Financial Group says it has enough cash on hand to meet $776 million collateral calls that came after the bond insurer recently was stripped of its AAA ratings. Michael Callen, ceo, said in a statement that Ambac has “ample liquidity to manage our commitments going forward.” But ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial