Collateral Calls Follow Ambac Rating Cuts
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 ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org